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5/12/2020 Treasury Department Announces Public Offering of Warrants to Purchase Common Stock of the PNC Financial Services Group, Inc. U.S. DEPARTMENT OF THE TREASURY Press Center Treasury Department Announces Public Offering of Warrants to Purchase Common Stock of the PNC Financial Services Group, Inc. 4/27/2010 TG-668 WASHINGTON -- The U.S. Department of the Treasury today announced that it has commenced a secondary public offering of 16,885,192 warrants to purchase the common stock of The PNC Financial Services Group, Inc. (the "Company"). The proceeds of these sales will provide an additional return to the American taxpayer from Treasury's investment in the Company beyond the dividend payments it received on the related preferred stock. The offerings are expected to price through a modified Dutch auction. Deutsche Bank Securities Inc. is the sole book-running manager and Muriel Siebert & Co., Inc., CastleOak Securities, L.P., and M.R. Beal & Company are the comanagers for the offerings. Deutsche Bank Securities Inc., in its capacity as auction agent, has specified that the auctions will commence at 8 a.m., Eastern Time, on April 29, 2010, and will close at 6:30 p.m., Eastern Time, on that same day (the "submission deadline"). During the auction period, potential bidders for the warrants will be able to place bids at any price (in increments of $0.10) at or above the minimum bid price of $15.00 per warrant. The auction procedures, and the applicable exercise prices, expirations, and other terms of the warrants are described in the preliminary prospectus supplements referenced below. The warrants are being offered pursuant to an effective shelf registration statement that has been filed by the Company with the Securities and Exchange Commission (the "SEC"). Preliminary prospectus supplements related to the offerings will be filed by the Company with the SEC and will be available on the SEC's website at http://www.sec.gov. Copies of the final prospectus supplement relating to these securities may be obtained, when available, from Deutsche Bank Securities Inc., Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, New Jersey 07311-3988, telephone: 1-800-503-4611, or by emailing prospectus.cpdg@db.com. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ### https://www.treasury.gov/press-center/press-releases/Pages/tg668.aspx 1/2 5/12/2020 Treasury Department Announces Public Offering of Warrants to Purchase Common Stock of the PNC Financial Services Group, Inc. https://www.treasury.gov/press-center/press-releases/Pages/tg668.aspx 2/2
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