|Piper Sandler & Co.||Crispin Love|
|Wells Fargo||Finian O'Shea|
|Ladenburg Thalmann||Christopher Nolan|
|Compass Point||Casey Alexander|
|JMP Securities||Devin Ryan|
|RBC Capital Markets||Kenneth Lee|
Hercules Capital, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Hercules Capital, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Hercules Capital, Inc. or its management. Hercules Capital, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.