Safe Harbor Regarding
Forward Looking Statements
This presentation contains forward-looking information about National Penn Bancshares, Inc. that is intended to be
covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by
the use of forward-looking terminology such as "believe," "expect," "may," "will," "should,'' "project," "plan,'' "seek,"
"intend,'' or "anticipate'' or the negative thereof or comparable terminology, and include discussions of strategy,
financial projections and estimates and their underlying assumptions, statements regarding plans, objectives,
expectations or consequences of announced transactions, and statements about the future performance, operations,
products and services of National Penn Bancshares and its subsidiaries. National Penn Bancshares cautions readers
not to place undue reliance on these statements.
National Penn Bancshares' business and operations are subject to a variety of risks, uncertainties and other factors.
Consequently, actual results and experience may materially differ from those contained in any forward-looking
statements. Such risks, uncertainties and other factors that could cause actual results and experience to differ from
those projected include, but are not limited to, the following: ineffectiveness of National Penn's business strategy due to
changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on
competition, including industry consolidation and development of competing financial products and services; interest
rate movements; inability to achieve merger-related synergies; difficulties in integrating distinct business operations,
including information technology difficulties; disruption from announced transactions, and resulting difficulties in
maintaining relationships with customers and employees; and challenges in establishing and maintaining operations in
new markets. The foregoing review of important factors should be read in conjunction with the other cautionary
statements that are included in National Penn Bancshares' Annual Report on Form 10-K for the fiscal year ended
December 31, 2007, as well as in other documents filed by National Penn Bancshares after the date thereof. National
Penn Bancshares makes no commitment to revise or update any forward-looking statements in order to reflect events
or circumstances occurring or existing after the date any forward-looking statement is made.
