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Acknowledgement

I agree that I am an institutional investor. I further agree that I will not distribute, show, or quote PNC Funds institutional sales material**, or excerpts thereof, to persons who are not institutional investors, nor cause another person to provide such material or excerpts to non-institutional investors.

**PNC Funds institutional sales material displays the following legend:

FOR INSTITUTIONAL INVESTORS ONLY, AS DEFINED BY NASD RULE 2211. DO NOT GIVE, SHOW OR QUOTE TO ANY OTHER PERSON. NOT TO BE USED WITH RETAIL INVESTORS.

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NOT FDIC INSURED | NO BANK OR FEDERAL GOVERNMENT GUARANTEE | MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the PNC Funds carefully before investing. A prospectus may be downloaded and viewed with this and other information about the Funds or may be obtained by contacting an investment professional or by calling 1-800-622-FUND (3863). Please read it carefully before you invest or send money.

PNC Capital Advisors, LLC, a subsidiary of The PNC Financial Services Group Inc., serves as investment adviser and co-administrator to PNC Funds and receives fees for its services. Shares of PNC Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with PNC and is not a bank.

©2010 The PNC Financial Services Group, Inc. All rights reserved.