Firm Analyst
Barclays Andrew Gardiner
Canaccord Genuity  Kai Korschelt 
Deutsche Bank Johannes Schaller 
Goldman Sachs Alexander Duval
Investec Roger Phillips
Jefferies Hoare Govett (House Broker) William Kirkness
Liberum Janardan Menon
Numis Securities Limited John Karidis 
Stifel Luke Holbrook
UBS Limited (House Broker) David Mulholland

This list may not be complete and is subject to change as firms add or delete coverage of Spirent. Please note estimates or forecasts regarding Spirent’s historical or forecast performance made by analysts at these firms are theirs alone and do not necessarily represent opinions, forecasts or predictions of Spirent or its management.

Spirent is providing this list as a service to shareholders and does not by listing these firms imply its endorsement of or concurrence with such information, conclusions or recommendations. If they so wish, interested parties must obtain copies of analysts’ reports directly from the firms. Spirent takes no responsibility for the accuracy or completeness of the material contained in reports which are compiled by independent analysts.