Prospective General Obligation Bond Program Fremont Unified School District Tony Hsieh Managing Director

District Assessed Value (1)Source: California Municipal Statistics, Inc. and Alameda County; Data from 1986 to The District has experienced two consecutive years of assessed value (“AV”) growth after experiencing three years of slight declines due to the real estate crisis

Illustrative Bond Scenario Summary: Request voters to authorize a new tax of $60 per $100,000 of AV (Proposition 39 maximum) ◆ Election date: June 3, 2014 ◆ Election type: Proposition 39 ◆ Interest rates: 5.75% % ◆ Annual assessed value growth rates: – : 2.0% –Thereafter: 4.0% ◆ Compliance with Assembly Bill 182 ◆ Estimated repayment ratio: 2.70 to 1 ◆ Estimated % capital appreciation bonds: 11.9% (1)Issuance schedule for illustrative purposes only. Actual amounts and dates will be tailored to the District’s facility needs. 3

4 Alameda County School District Bond Tax Rates (1) Following is a chart showing the tax rates for all Alameda County school districts (1)Source: Alameda County.

November 2012 California School Bond Elections There were 106 school bond measures on the November 6, 2012 ballot ◆ Most school bonds were successful –91 successful (86%) –15 unsuccessful (14%) ◆ Authorization amounts ranged from $830,000 to $2.8 billion ◆ The 3 measures with authorizations in excess of $500 million were all successful –San Diego Unified ($2.8 billion) –Chaffey Joint Union High ($848 million) –Coast Community College ($698 million) 5