Details of the Redemption

The redemption encompasses the following securities issued by PNC Bank, National Association:

• Senior Floating Rate Bank Notes
  • Amount: $500,000,000 (CUSIP 69353R FW3)
  • Maturity Date: January 15, 2027
  • Redemption Price: 100% of the principal, plus accrued interest until the redemption date
  • Interest Cessation: On the redemption date of January 15, 2026
• 4.775% Senior Fixed Rate/Floating Rate Notes
  • Amount: $1,250,000,000 (CUSIP 69353R FX1)
  • Maturity Date: January 15, 2027
  • Redemption Price: 100% of the principal, plus accrued interest until the redemption date
  • Interest Cessation: On the redemption date of January 15, 2026

Implications of the Redemption

This planned redemption indicates PNC's strategic management of its capital structure and serves as a proactive measure in the ongoing optimization of its financial position. By repaying these notes early, PNC aims to reduce its interest expenditures and improve liquidity resulting from avoided future interest payments on these outstanding obligations.

Payments for the redemption will be facilitated through The Depository Trust Company, ensuring a streamlined transaction process for stakeholders involved.

About PNC Financial Services Group

PNC Financial Services Group, Inc. is a leading diversified financial services institution in the United States. With a focus on strong customer relationships, PNC provides an array of banking services including:

• Retail and business banking
• A comprehensive suite of lending products
• Corporate banking and real estate finance
• Asset-based lending
• Wealth management and asset management

For more information about PNC and its services, visit www.pnc.com.

Contact Information

For media inquiries, contact:

Kristen Pillitteri
Phone: (412) 762-4550
Email: Kristen.Pillitteri@pnc.com

For investor relations, reach out to:

Bryan Gill
Phone: (412) 768-4143
Email: Bryan.Gill@pnc.com