The University of Washington Treasury Office (UW Treasury) has retained a registered municipal advisor to provide advice on proposals from financial services firms concerning the issuance of municipal securities. UW Treasury will rely on (meaning seek and consider) the advice, analysis and perspective of its independent registered municipal advisor.

UW Treasury engages Piper Jaffray & Co. as its municipal advisor in its debt management program. Piper Jaffray has represented to UW Treasury that it is an independent registered municipal advisor within the meaning of the SEC Municipal Advisor Rule. Please contact Piper Jaffray for a current list of employees.

By publicly posting the following written disclosure, UW Treasury intends that market participants receive and it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.