Disclaimer

You have requested to enter the Bondholder and General Financial Information section of the Stanford Hospital & Clinics ("SHC") website ("Section"). The purpose of this Section is to provide bondholders, noteholders, potential investors and others with general information about SHC and its various bond programs. All data provided in this Section and elsewhere in SHC 's website are for informational purposes only, are not intended for trading purposes and do not purport to include every item which may be material, or otherwise of interest, to holders or potential holders of any of SHC's bonds and/or notes.

Information in this Section is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

The information on the SHC website has been provided for the user's convenience without any representation or warranty of accuracy or completeness when posted. Moreover, SHC undertakes no obligation to update any information included on the site. Among the information contained on the website is historical information. All information on the website speaks only as of its date, which may be prior to its posting date. The information and expressions of opinion therein are subject to change without notice and the posting of information on the website does not imply that there has been no change in the affairs of SHC since the date of posting of such information. Maintenance of any information on the website is not intended as a republication of such information on any date subsequent to the date on which such information was originally published.

SHC's website and documents referenced in this Section contain statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements." In this respect, the words "estimate," "project," "anticipate," "expect," "intend," "believe" and similar expressions are intended to identify forward-looking statements. A number of important factors affecting the SHC 's business and financial results could cause actual results to differ materially from those stated in the forward-looking statements. For statements of risk factors regarding financial results and condition of the SHC, see Official Statements and the Annual Disclosure Report. Given these uncertainties, readers are cautioned not to rely on forward-looking statements. To the extent there are conflicts between statements made in the Official Statements and other parts of this Section, the information contained in the Official Statements should be deemed more reliable.

The Department of treasury Services maintains the Bondholder and General Financial Information Section of the SHC website. However, this Section includes hyperlinks to other parts of the SHC website and to websites maintained or controlled by others that may be of interest to readers. The Department of treasury Services is not responsible for and does not routinely screen, approve, review or endorse the contents of these websites or this Section.

You acknowledge and agree that SHC is not responsible for the availability of such sites or this Section, and does not endorse and is not responsible or liable for any content, advertising, products, services, forward-looking statements (as defined above) or other materials on or available from external sites or resources, including without limitation information in the nature of third party financial research, analytical tools or execution services. You further acknowledge and agree that SHC is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, available on or through any such site or resource.

All users of the this Section of SHC's website remain subject to the general Terms and Conditions of Use of SHC's website.

If you have read, understand and agree with the above and wish to continue to SHC's Bondholder Information website, please click "ACCEPT" below.