X0203 3/A 2008-02-01 2008-02-08 0 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001246955 MARTIN CHRISTIAN F IV PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 34669.8 I Subsidiary The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. These shares are owned directly by Dreadnought, Inc, which is a wholly owned subsidiary of C. F. Martin, & Co., Inc. C. F. Martin & Co., Inc. is indirect beneficial owner of the reported securities. Michelle H. Debkowski, by power of attorney 2008-07-24