Notice and Disclaimer

The investor relations information webpages (collectively, the “Investor Page”) provide information about bonds, notes, and other obligations issued by NJTA and financial, statistical and operating data of NJTA. This information is provided by NJTA on a voluntary basis to assist the investing public, including bondholders, rating analysts, financial advisors, or any other members of the investment community. Access to this information requires review of, and consent to, the conditions contained in the Terms of Use. Information required to be provided pursuant to NJTA’s continuing disclosure undertakings entered into pursuant to Rule 15c2- 12(b)(5) of the Securities and Exchange Commission is available on the Electronic Municipal Market Access (“EMMA”) system of the Municipal Securities Rulemaking Board located at www.emma.msrb.org.

Please read the Terms of Use below and indicate your acknowledgment before accessing the rest of the Investor Page. The Terms of Use are essential to understanding the information presented on the Investor Page.

By choosing to continue and view the information on the Investor Page you are acknowledging that you have read and understand and accept these Terms of Use. If you do not accept these Terms of Use, please do not access the information provided here.

Terms of Use

1. Not an Offer to Sell/Buy Securities

Under no circumstances shall the information on the Investor Page constitute an offer to sell securities or the solicitation of an offer to buy securities and should not be relied upon to provide specific offering information in connection with any issuance, sale, resale, or remarketing of bonds, notes, or other obligations.

2. Dates of Documents

Any financial document contained on the Investor Page is marked with a date (the “Dated Date”) and speaks only as of that Dated Date, which may be prior to the date it is posted on this website. You are cautioned not to assume that any information has been updated beyond the Dated Date unless a document expressly states that it constitutes an update. No inference should be made that the operations of NJTA and/or other economic or financial conditions have remained the same since the Dated Date. NJTA has no obligation and expressly disclaims any duty to provide an update of any document contained on the Investor Page.

3. Information is Subject to Change Without Notice and May Not Be Updated

NJTA is under no obligation to update any information included on the Investor Page. The information and expressions of opinion herein are subject to change without notice, and the posting of information on this website does not imply that there has been no change in the affairs of NJTA since the Dated Date.

4. Estimates or Other Forward-Looking Statements

Certain statements included or incorporated by reference in the documents on the Investor Page constitute projections or estimates of future events, generally known as forward- looking statements. These statements are generally identifiable by the terminology used such as “anticipate” “plan,” “expect,” “estimate,” “budget” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements described in or expressed or implied by such forward-looking statements. Other than as may be required by law, NJTA does not plan to issue any updates or revisions to any such forward-looking statements if or when its expectations are realized or not realized, or when the events, conditions or circumstances on which such statements are based occur and, even if issued, any such updates or revisions may not be included on the Investor Page.

5. Investment Decisions

The Investor Page is not intended to replace any information or consultation provided by a professional financial or investment advisor. Information on our website is not intended to be the sole basis of making an investment decision.

6. Other Information May Be Available

The Investor Page is provided for the user’s convenience, but may not provide all information that may be of interest or material to investors. There may be other documents containing relevant, material information regarding NJTA which may be available from other sources, including, but not limited to, www.emma.msrb.org.

7. Unauthorized Use Not Permitted

The Investor Page is part of the official website of NJTA. NJTA disclaims all responsibility for any copies, modifications, and reproductions of this website and the information it contains that are not produced by NJTA. [All users of the Investor Page remain subject to the general terms of use and disclaimers of NJTA’s website.]

8. Links to Other Websites

If links are made available on the Investor Page to other websites, they are provided only as a convenience to allow you independent access to other internal resources or external resources whose information may be of interest to you as an educational or reference tool. If you access one of these websites, remember that NJTA has not participated in the preparation, compilation, or selection of information on any other website for purposes of reaching the investing public, and NJTA assumes no responsibility or liability for the views, content, or accuracy of any other website. Further, those websites may have their own terms of use and policies which you should review prior to availing yourself of information on those sites.

9. Acknowledgment of Terms of Use

I have read the foregoing Terms of Use and expressly agree to each of the terms; I also understand that, as indicated above, official forms of disclosure documents are available elsewhere and that material information important to the making of informed investment decisions may have been posted elsewhere.

By choosing to continue and view the information on the Investor Page you are acknowledging that you have read and understand and accept the Terms of Use.

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