Attached hereto is a copy of: (i) the “Preliminary Official Statement”, dated November 9, 2009 (the “Preliminary Official Statement”), relating to the Series 2009A Bonds and the Series 2009C Bonds (collectively, the “Series 2009 Bonds”) of the New Jersey Environmental Infrastructure Trust (the “Trust”); (ii) the “Notice of Sale”, dated November 9, 2009, relating to the Series 2009 Bonds of the Trust; (iii) the “Proposal for Series 2009A Bonds”; and (iv) the “Proposal for Series 2009C Bonds” (collectively, the “Offering Documents”). The Offering Documents have been prepared by the Trust and electronic access thereto is being provided to you as a matter of convenience.

The Preliminary Official Statement is subject to correction and change. The Trust has authorized the distribution of the Preliminary Official Statement to prospective purchasers and others for informational purposes only and, upon the sale of the Series 2009 Bonds, will complete and deliver an Official Statement substantially in the form of the Preliminary Official Statement. This 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 the Series 2009 Bonds 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 any of the Offering Documents that are attached hereto, you will be deemed to have accepted the terms of this Disclaimer and to have consented to the electronic transmission of the Offering Documents.

Access to the electronic version of the Offering Documents will continue to be provided by the Trust by means of the hyperlink at the bottom of this page until the date on which the Trust delivers printed copies of the final Official Statement to the successful bidders for the Series 2009 Bonds, which date currently is estimated to be on or about Tuesday, November 24, 2009. The hyperlink at the bottom of this page, a service procured by the Trust from “i-Deal LLC”, is the sole means by which the Trust has provided access to the electronic version of the Offering Documents.

Please call (212) 849-5021 if you need assistance accessing any of the Offering Documents attached hereto.

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* Subject to adjustment in accordance with the Notice of Sale.