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#2 / January 2008
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, 2006, 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.
