official statement

Southern Minnesota Municipal Power Agency Terms and Conditions

No Offer or Solicitation Regarding Securities

This Website includes information, documents and materials (collectively the "Contents") relating to certain securities of the Agency, including offering documentation, Contents referenced in offering documentation and other materials. Any such Contents are provided only for general informational purposes and do not constitute an offer to sell or a solicitation of any offer to buy any securities of the Agency.

The Agency does not intend to solicit and is not soliciting any action with respect to any security of the Agency through this Website. All Contents should be read in conjunction with any other Contents or other materials that they expressly supplement or that are incorporated by reference therein. All Contents relating to securities should be read in conjunction with the appropriate offering circular or statement and any applicable supplement thereto.

Contents are current only as of the date of such Contents. The securities mentioned in Contents may not be eligible for sale in certain jurisdictions or to certain persons. Investors considering purchasing a security of the Agency should consult their own financial and legal advisors for information about such security, the risks and investment considerations arising from an investment in such security, the appropriate tools to analyze such investment, and the suitability of such investment in each investor's particular circumstances.

Terms of Securities

The terms of any particular issue of securities are governed by applicable documents establishing such terms. In the event of any inconsistency between the information in Contents regarding an issue of securities and the terms specified in, or determined pursuant to, the documents establishing the terms of such issue, the terms so specified or determined shall prevail.

By moving to the next screen you acknowledged that (i) the Agency is not now by its posted offering memorandum offering the securities named therein or any other securities of the Agency nor soliciting an offer to buy such securities in the United States or in any foreign jurisdiction, (ii) no offering memorandum will be construed by you as any description of the Agency at any time subsequent to its date nor will you assume from its availability here that the affairs of the Agency have not changed since the date of such document, (iii) no representation is made to you as to the propriety or legality of any secondary market trading of such securities in any jurisdiction within or outside of the United States, and (iv) you have read and accept the information provided in the document found on this Webpage and on the Webpage entitled "Southern Minnesota Municipal Power Agency Website Terms and Conditions."