Xencor, Inc. is followed by the analysts listed above. Please note
that any opinions, estimates or forecasts regarding Xencor, Inc.'s
performance made by these analysts are theirs alone and do not represent
opinions, forecasts or predictions of Xencor, Inc. or its management.
Xencor, Inc. does not by its reference above or distribution imply its
endorsement of or concurrence with such information, conclusions or