Analyst Coverage

William Blair & Company

Andy Hsieh, Ph. D.

SunTrust Robinson Humphrey

Gregg Gilbert

JMP Securities

Jason N. Butler, Ph.D.

Cantor Fitzgerald

Brandon Folkes

Please note that any opinions, estimates or forecasts regarding Pfenex, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Pfenex, Inc. or its management. Pfenex, 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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