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Disclaimer

You have requested access to the financial reports section of the University of California website ("Section"). The purpose of this Section is to provide bondholders, noteholders, potential investors and others with general information about University of California and its various bond programs. All data provided in this Section and elsewhere in the University's website are for informational purposes only, are not intended for trading purposes and do not purport to include every item which may be of interest with respect to any of the University of California's bonds and/or notes.

Information in this Section is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

The information on the University of California website has been provided for the user's convenience without any representation or warranty of accuracy or completeness when posted. Moreover, the University of California undertakes no obligation to update any information included on the site. Among the information contained on the website is historical information. All information on the website speaks only as of its date, which may be prior to its posting date. The information and expressions of opinion therein are subject to change without notice and the posting of information on the website does not imply that there has been no change in the affairs of the University of California since the date of posting such information. Maintenance of any information on the website is not intended as a republication of such information on any date subsequent to the date on which such information was originally published.

The University of California's website and documents referenced in this Section contain statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements". In this respect, the words "estimate," "project," "anticipate," "expect," "intend," "believe" and similar expressions are intended to identify forward-looking statements. A number of important factors affecting the University's business and financial results could cause actual results to differ materially from those stated in the forward-looking statements. [For statements of risk factors regarding financial results and condition of the University, see Official Statements and the Annual Disclosure Report. Given these uncertainties, readers are cautioned not to rely on forward-looking statements. To the extent there are conflicts between statements made in the Official Statements and other parts of this Section, the information contained in the Official Statements should be deemed more reliable.]

The Financial Management unit maintains the Financial Reports section of the University of California website. However, this Section may include hyperlinks to other parts of the University of California website and to websites maintained or controlled by others. The Financial Management unit is not responsible for and does not routinely screen, approve, review or endorse the contents of these websites or this Section.

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