|Aegis Capital||Yi Chen, PhD, CFA|
|H.C. Wainwright||Andrew S. Fein|
|Maxim Group||Jason Kolbert|
|MLV Capital||Vernon Bernardino|
|Oppenheimer||Ling Wang, CFA|
|WBB Securities LLC||Stephen G. Brozak|
NeoStem, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding NeoStem, Inc.’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of NeoStem, Inc. or its management. NeoStem, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.