|Compass Point Research & Trading, LLC||Michael Tarkan||
|Credit Suisse First Boston||Moshe Orenbuch||
Nelnet, Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Nelnet, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Nelnet, Inc. or its management. Nelnet, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.