NOTICE OF FULL OPTIONAL REDEMPTION To the Holders of Salt River Project Agricultural Improvement and Power District, Arizona

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $85,250,000 principal amount of the Bonds will be redeemed on December 1, 2020, at a Redemption Price of 100.00%, together with interest accrued toDecember 1, 2020 interest on the Bonds shall cease to accrue.

VIEW NOTICE

This article originally appeared in The Bond Buyer.