Analyst Coverage

Metalla has identified above certain investment firms and equity analysts that publish or have in the past published research reports about Metalla, which may include opinions, estimates, forecasts and recommendations about Metalla, its business and its performance.

The opinions, estimates, forecasts and recommendations expressed in those reports are solely those of the author and do not necessarily reflect the opinions, estimates, forecasts or recommendations of Metalla or its management. Metalla does not, by any reference to investment firms or analysts, imply any endorsement of, or concurrence with, such opinions, estimates, forecasts or recommendations.

Metalla does not distribute research reports, and this list is provided to the best of the Company's knowledge. The investment firms and equity analysts listed above (a) did not receive any compensation or other benefits from Metalla in connection with preparation of their research reports, and (b) have not served as an officer, director or employee of Metalla. In addition, Metalla does not hold an interest in any of these investment firms.

Forecasts and estimates are subject to various known and unknown risks and uncertainties. Always conduct your own research before making an investment.