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Analyst Coverage

FirmAnalyst
Bank of America Merrill LynchDavid Chu
Barrington ResearchAlexander Paris
BMO Capital MarketsJeffrey Silber
First Analysis Securities Corp.Corey Greendale
J.P. MorganJeffrey Volshteyn
Piper JaffrayPeter Appert
Stifel NicolausJerry Herman / Jason Anderson
Wells Fargo SecuritiesTrace Urdan
William Blair & Co.Timo Connor
Education Management Corporation is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Education Management Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Education Management Corporation or its management. Education Management Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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