Analyst Coverage

Atlantic Equities
Daniela Nedialkova
B. Riley FBR, Inc.
Susan Anderson
Mark Altschwager
Bank of America - Merrll Lynch
Lorraine Hutchinson
Adrienne Yih
Jamie Merriman
BMO Capital Markets
Simeon Siegel
Paul Lejuez
Cowen and Company
Oliver Chen
Credit Suisse
Michael Binetti
Deutsche Bank Securities
Gabriella Carbone
Evercore ISI Group
Omar Saad
Guggenheim Securities
Robert Drbul
Jefferies & Co.
Janine Stichter
JJK Research
Janet Kloppenburg
J.P. Morgan Securities
Matthew Boss
Keybanc Capital Markets
Matthew DeGulis
MKM Partners
Roxanne Myers
Morgan Stanley
Kimberly Greenberger
Jamie Katz
RBC Capital Markets
Kate Fitzsimmons
Telsey Advisory Group
Dana Telsey
The Retail Tracker
Marni Shapiro
UBS Securities
Jay Sole
Wedbush Securities
Jennifer Redding
Wells Fargo Securities
Ike Boruchow

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.