Analyst Coverage

ANALYST COVERAGE
Atlantic Equities
Daniela Nedialkova
B. Riley FBR, Inc.
Susan Anderson
Bank of America - Merrll Lynch
Lorraine Hutchinson
Bernstein
Jamie Merriman
CITI
Paul Lejuez
Cowen and Company
Oliver Chen
Credit Suisse
Michael Binetti
D.A. Davidson
John Morris
Evercore ISI Group
Omar Saad
Deutsche Bank Securities
Paul Trussell
Goldman Sachs
Alexandra Walvis
Guggenheim Securities
Robert Drbul
Jefferies & Co.
Randy Konik
JJK Research
Janet Kloppenburg
J.P. Morgan Securities
Matthew Boss
Keybanc Capital Markets
Ed Yruma
Loop Capital
Laura Champine
MKM Partners
Roxanne Myers
Morgan Stanley
Kimberly Greenberger
Morningstar
Jamie Katz
Nomura Instanet
Simon Siegel
RBC Capital Markets
Brian Tunick
Robert W. Baird
Mark Altschwager
Telsey Advisory Group
Dana Telsey
The Retail Tracker
Marni Shapiro
UBS Securities
Jay Sole
Wedbush Securities
Jennifer Redding
Wells Fargo Securities
Ike Boruchow
Wolfe Research
Adrienne Yih-Tennant

L Brands Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding L Brands Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of L Brands Inc. or its management. L Brands Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.