|Cowen & Co||Phil Nadeau|
|RBC Capital Markets Corp.||Adnan Butt|
PDL BioPharma, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding PDL BioPharma, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of PDL BioPharma, Inc. or its management. PDL BioPharma, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.