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Firm Analyst
Collins Stewart   Andrew Fein
Friedman, Billings, Ramsey & Co.   Jim Reddoch
Lazard Capital Markets, LLC   Matthew Osborne
Lehman Brothers   Jim Birchenough, M.D.
Robert W. Baird & Co.   Christopher Raymond
Cowen and Company   Eric Schmidt, Ph.D.

Tercica, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Tercica, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Tercica, Inc. or its management. Tercica, 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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