Representative list of analyst coverage

Firm Analyst
Argus Steve Biggar
Atlantic Equities Christopher Hickey
Bank of America Merrill Lynch Kenneth Bruce
Barclays Darrin Peller
Bernstein Lisa Ellis
BMO Capital Markets Paulo Ribeiro
CFRA Scott Kessler
Citigroup Donald Fandetti
Cowen & Company Georgios Mihalos
Credit Suisse Moshe Orenbuch
Daiwa Securities Co. Ltd. Takahiro Yano
Deutsche Bank Bryan Keane
Evercore ISI David Togut
Goldman Sachs James Schneider
Guggenheim Securities Eric Wasserstrom
Jefferies Ramsey El-Assal
J.P. Morgan Tien-tsin Huang
Keefe Bruyette & Woods Sanjay Sakhrani
Loop Capital Markets Joseph Vafi
Mizuho Securities USA Tom McCrohan
Morgan Stanley James Faucette
Morningstar Jim Sinegal
Nomura | Instinet Bill Carcache
Oppenheimer Glenn Greene
Piper Jaffray Jason Deleeuw
Raymond James Wayne Johnson
RBC Capital Markets Daniel Perlin
Robert W. Baird David Koning
Sandler O'Neill & Partners Christopher Donat
SunTrust Robinson Humphrey Andrew Jeffrey
Susquehanna Financial Group James Friedman
Wedbush Securities Moshe Katri
Wells Fargo Securities Timothy Willi
William Blair Robert Napoli

Mastercard Inc. is followed by the analysts listed above, but may not be exhaustive and may change as firms initiate or discontinue coverage. Please note that any opinions, estimates or forecasts regarding Mastercard Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Mastercard Inc. or its management. Mastercard Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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