TOWNSHIP OF SOUTH ORANGE VILLAGE
COUNTY OF ESSEX, NEW JERSEY
$26,645,000 BOND ANTICIPATION NOTES, SERIES 2012A
And
$__,___,___*GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012

Disclaimer: 

Attached hereto is a copy of the Preliminary Official Statement dated January 13, 2012 (the “Preliminary Official Statement”), relating to the above referenced Bonds and Notes (the "Bonds" and “Notes”).

The Preliminary Official Statement and the information contained therein are subject to change in accordance with applicable law. The Bonds and Notes described therein may not be sold nor may offers to buy be accepted prior to the time the Official Statement is delivered in final form. The Preliminary Official Statement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these Bonds and Notes by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale prior to registration, qualification or exemption under the securities laws of any such jurisdiction.

By double clicking on the hyperlink at the bottom of this page and accessing the Preliminary Official Statement that is attached hereto, you will be deemed to have accepted the terms of this Disclaimer and to have consented to the electronic transmission of the Preliminary Official Statement.

Access to the electronic version of the Preliminary Official Statement will continue to be provided by the Issuer by means of the hyperlink at the bottom of this page until the date of the sale of the Bonds and Notes. The hyperlink at the bottom of this page, a service procured by the Issuer from McElwee & Quinn, is the sole means by which the Issuer has provided access to the electronic version of the Preliminary Official Statement.

Please call McElwee & Quinn, and ask for Mary McElwee at telephone number 610-519-0973, if you need assistance accessing the Preliminary Official Statement attached hereto.

_______________________________
*Preliminary, subject to change

Clicking on the link to view the document above indicates your acceptance of the terms of the Disclaimer.