Bond Website Disclaimer

Preliminary Official Statements and Official Statements posted on or linked through this Web site of the Department of Water and Power of the City of Los Angeles (the "Preliminary Official Statements and the Official Statements") are solely for informational purposes in connection with the investment in the securities described in the respective Preliminary Official Statements and Official Statements.

The information and expressions of opinion in the Preliminary Official Statements and the Official Statements are subject to change without notice. The availability of the Preliminary Official Statements and the Official Statements on or through this Web site does not create any implication that there have been no changes in the affairs of the parties described in the respective Preliminary Official Statements and the Official Statements or that the other information or opinions therein are correct as of any time subsequent to their respective dates. Maintenance of the respective Preliminary Official Statements and the Official Statements, or links thereto, on this Web site is not intended as republications of the information therein on any date subsequent to the date set forth in each Preliminary Official Statement or Official Statement.

Information on this Web site other than the Preliminary Official Statements and the Official Statements themselves is not part of the Preliminary Official Statements or the Official Statements and such information is not incorporated by reference to such documents.

The Department may remove any Preliminary Official Statement and the Official Statement, or the link thereto, from this Web site at any time.

By electronically accessing any Preliminary Official Statement or Official Statement at or through this Web site, you acknowledge that you understand and agree that each Preliminary Official Statement and Official Statement consist of the document in its entirety.

By choosing to download and view any electronic Preliminary Official Statement or Official Statement on or through this Web site you are acknowledging that you have read and understand this Notice and Disclaimer.