NOTICE OF FULL OPTIONAL REDEMPTION To the Holders of Salt River Project Agricultural Improvement and Power District, Arizona Salt River Project Electric System Refunding Revenue Bonds, 2011 Series A

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $321,295,000 principal amount of the Bonds will be redeemed on December 1, 2021, at a Redemption Price of 100.00%, together with interest accrued toDecember 1, 2021 interest on the Bonds shall cease to accrue.

VIEW NOTICE

This article originally appeared in The Bond Buyer.