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Important information for foreign address participants in theUniversity of Colorado Retirement PlansDear Participant,Beginning July 15, 2015, the University of Colorado will make several changes to the University ofColorado Retirement Plans (the Plans). These changes are described below.IMPORTANT!According to our records, you do not have a United States mailing address on file. As a result, TIAA-CREFmay be restricted from processing certain mutual fund transactions on your behalf. If you have alegitimate U.S. mailing address, including an address in Puerto Rico, or an Army Post Office (APO),Diplomatic Post Office (DPO) or Fleet Post Office (FPO) box, the following restrictions may be lifted.Please contact TIAA-CREF for assistance.About Foreign Address RestrictionsTIAA-CREF is generally restricted from processing mutual fund transactions, which would includethe purchase of, and rollovers and transfers to, mutual funds, for Plan participants who reside outsidethe United States and do not have a legitimate U.S. address. Beginning July 15, 2015, your rollovers,current asset transfers and any future contributions to mutual funds will not be processed. Youroptions for these types of transactions on the TIAA-CREF platform will be limited to the TIAA-CREFgroup annuity options available under your Plan on its new investment menu.If your asset allocation on file is currently directed to a mutual fund(s), contributions will beredirected to the default option established under your Plan by the University of Colorado.Notwithstanding the general restrictions, in limited circumstances TIAA-CREF may be able toprocess future transactions for mutual funds, at your direction, if you satisfy certain criteria specificto your country of residence. To identify criteria that may apply to you, and to find out if you’reeligible, log in to your account or call 001 212 490-9000.Additional options may also be available for existing mutual fund holdings, if your Plan permits:WW Participantswith restricted allocation choices can transfer or exchange existing mutual fundholdings under the Plan to group annuity options that are available under the Plan.WW Participantsmay liquidate existing mutual fund holdings under the Plan, subject to Plan termsand applicable law.WW Participantsmay transfer to another available plan or provider, or receive a distribution subject tothe terms of their Plan, the recipient plan and applicable law.tiaa-cref.org730 Third Avenue, 5th Floor, New York, NY 10017

Upcoming changes to the Plans include:WW A single point of contact. Beginning July 15, 2015, TIAA-CREF will provide all services for thePlans. As a result of this change, Fidelity, Vanguard, American Century, Dreyfus, DWS, MetLife andVALIC will no longer be active providers for the Plan. Your current assets and future contributionswill be automatically directed to TIAA-CREF if you are currently invested with Fidelity and/orVanguard. TIAA-CREF mutual funds will also automatically transfer, while TIAA-CREF annuitieswill not. Funds held with American Century, Dreyfus, DWS, MetLife or VALIC will not automaticallytransfer. For investments that do not automatically transfer, you can consent to have themtransferred to your new account by completing a transfer form.investment options. Several investment choices will be removed from the investment menuand replaced with new options. To understand how your current assets and/or futurecontributions will transfer, see the enclosed charts. Participants with a foreign mailing addressmay be limited to annuity investment options.WW NewWW NewRetirement Choice (RC) and Retirement Choice Plus (RCP) Annuity contracts will be issuedfor future contributions.To access your TIAA-CREF account online, go to www.tiaa-cref.org/cu. If you are new toTIAA-CREF, select Register for Access in the upper right-hand corner. If you have an existingTIAA-CREF account, select Log In and enter your existing username and password.Key DatesDateEventJune 15, 2015You will be automatically enrolled in a new account and a WelcomePackage will be sent to your address. Once you receive your WelcomePackage, you will be able to change your allocation for your futurecontributions and designate a beneficiary.On or about July 9, 2015Transactions freeze (Blackout Period) for Vanguard participants. Seethe Blackout Notice enclosed for details.On or about July 15, 2015Transactions freeze (Blackout Period) for Fidelity participants. Seethe Blackout Notice enclosed for details.On or about July 15, 2015Your current assets transfer from Fidelity and Vanguard into the newinvestment menu with the service provider TIAA-CREF.July 20, 2015TIAA-CREF mutual fund assets will transfer to your new account(s).July 2015TIAA-CREF is the sole recordkeeper for the Plans, and yourcontributions will be directed to the new investment menu. You willsee this in your July 17, 2015, paycheck if you are paid biweekly andin your July 31, 2015, paycheck if you are paid monthly.On or about July 24, 2015Transaction freeze for Fidelity and Vanguard assets is lifted(Blackout Period ends). All participants can now access and updatetheir accounts. The transition is complete.Need Help?If you have questions on the upcoming changes, TIAA-CREF can help:Phone:Call 001 212 490-9000,* Monday to Friday 6 a.m. to 8 p.m. and Saturday 7 a.m. to 4 p.m. (MT).* T his is a United States telephone number. Please ensure you have international calling capability. An additionalper-minute surcharge may apply for all calls placed internationally. These charges are subject to market fluctuationand may change at any time. For more information, please contact your telephone service provider. To place aninternational phone call, you must first dial the International Direct Dialing (IDD) code, which may vary by countryor telephone company, followed by the Country Code of the call destination country.2

Regular Email:Go to tiaa-cref.org, select Contact Us at the top of the screen, and in the By Email section, underParticipants, select Log in to send a secure email. If you are new to TIAA-CREF, you will need to goto the Register for Secure Online Access section to obtain your required user ID and password.Mail:TIAA-CREFP.O. Box 1259Charlotte, NC 28201United StatesExpress/Overnight Mail:8500 Carnegie Blvd.Charlotte, NC 28262United StatesFax:704 595-5795We look forward to serving you!Enclosure: Blackout Notice3

The University of Colorado Retirement PlansNew investment options for foreign address participants beginning July 15, 2015In limited circumstances, TIAA-CREF may be able to process future transactions for mutual funds, at your direction, if yousatisfy certain criteria specific to your country of residence. To identify criteria that may apply to you, and to find out if you’reeligible, log in to your account or call 001 212 490-9000.University of Colorado 401(a) Retirement Plan Investment MenuInvestment NameShare ClassTickerVanguard Target Retirement 2010 Trust (CIT) IIN/AVanguard Target Retirement 2015 Trust (CIT) IIN/AVanguard Target Retirement 2020 Trust (CIT) IIN/AVanguard Target Retirement 2025 Trust (CIT) IIN/AVanguard Target Retirement 2030 Trust (CIT) IIN/AVanguard Target Retirement 2035 Trust (CIT) IIN/AVanguard Target Retirement 2040 Trust (CIT) IIN/AVanguard Target Retirement 2045 Trust (CIT) IIN/AVanguard Target Retirement 2050 Trust (CIT) IIN/AVanguard Target Retirement 2055 Trust (CIT) IIN/AVanguard Target Retirement 2060 Trust (CIT) IIN/AVanguard Target Retirement Income Trust (CIT) IIN/AR6RERGXInstitutionalAPHMXTier 1 – Target Date InvestmentsTier 2 – Core Investment MenuAmerican Funds EuroPacific Growth FundArtisan Mid CapBlackRock Mid Capitalization Equity Index Fund (CIT) MN/ABlackRock Mid Cap Value OpportunitiesIMARFXBlackRock MSCI ACWI ex-US IMI Index (CIT) MN/ABlackRock Russell 2000 Index (CIT) MN/ABlackRock Equity Index Fund (CIT) MN/ABlackRock US Debt Index Fund (CIT) MN/AIDFSVXDodge & Cox International StockDFA US Small Cap ValueN/ADODFXDodge & Cox Stock FundN/ADODGX4

University of Colorado 401(a) Retirement Plan Investment MenuInvestment NameHarbor Capital AppreciationMetropolitan West Total Return BondMorgan Stanley Institutional Global Real Estate FundTIAA Traditional Annuity (Retirement Choice Contract)*Share ranteed AnnuityTIAA-CREF Social Choice Equity FundInstitutionalTISCXVanguard Prime Money MarketInstitutionalVMRXXVoya Small Cap Growth Trust Fund (CIT) 2N/AWells Fargo Stable Value Fund (CIT) †CN/A* TIAA Traditional Annuity is a guaranteed insurance contract and not an investment for federal securities law purposes. Any guarantees under annuities issued by TIAA aresubject to TIAA’s claims-paying ability. A collective investment trust (“CIT”) is an investment vehicle that is available only to qualified retirement plans. CITs consist solely of assets of retirement, or other taxqualified retirement accounts. A CIT is not a mutual fund. A CIT typically has lower fees than a mutual fund. Visit www.tiaa-cref.org/cu to obtain a fact sheet for each CIT.† In order to mitigate the negative effects of disintermediation, participant transfers from the Wells Fargo Stable Value Fund C (CIT) are subject to an industry standard “EquityWash” rule. This means participants are prohibited from transferring from the Wells Fargo Stable Value Fund C (CIT) directly to “Competing Funds” and may only make transfersfrom the Wells Fargo Stable Value Fund C (CIT) to Non-Competing Funds. Participants wishing to transfer amounts from the Wells Fargo Stable Value Fund C (CIT) to CompetingFunds must first transfer to Non-Competing Funds, where the amount originally transferred must remain for 90 days before the participant can then transfer the amount toone or more Competing Funds. The self-directed brokerage window option (see page 15 for a description of this option) is considered a Competing Fund since it offers moneymarket funds and short-term bond funds. Therefore, transfers from the Wells Fargo Stable Value Fund C (CIT) to any investment within the self-directed brokerage windowoption and the Vanguard Prime Money Market Institutional are subject to the 90-day Equity Wash rule.University of Colorado 403(b) Voluntary Retirement Plan &University of Colorado 403(b) Student Employees Retirement Plan (SERP) Investment MenuInvestment NameShare ClassTickerVanguard Target Retirement 2010 FundInvestorVTENXVanguard Target Retirement 2015 FundInvestorVTXVXVanguard Target Retirement 2020 FundInvestorVTWNXVanguard Target Retirement 2025 FundInvestorVTTVXVanguard Target Retirement 2030 FundInvestorVTHRXVanguard Target Retirement 2035 FundInvestorVTTHXTier 1 – Target Date InvestmentsVanguard Target Retirement 2040 FundInvestorVFORXVanguard Target Retirement 2045 FundInvestorVTIVXVanguard Target Retirement 2050 FundInvestorVFIFXVanguard Target Retirement 2055 FundInvestorVFFVXVanguard Target Retirement 2060 FundInvestorVTTSXVanguard Target Retirement Income Variable r 2 – Core Investment MenuAmerican Funds EuroPacific Growth FundArtisan Mid CapBlackRock Mid Cap Value OpportunitiesCREF Money Market Account R3DFA US Small Cap ValueDodge & Cox International StockDodge & Cox Stock FundHarbor Capital Appreciation5

The University of Colorado Retirement Plans, ContinuedUniversity of Colorado 403(b) Voluntary Retirement Plan &University of Colorado 403(b) Student Employees Retirement Plan (SERP) Investment MenuInvestment NameMetropolitan West Total Return BondMorgan Stanley Institutional Global Real Estate FundTIAA Traditional Annuity (Retirement Choice Plus Contract)*Share ClassTickerPlanMWTSXIMRLAXN/AGuaranteed AnnuityTIAA-CREF Social Choice Equity FundInstitutionalTISCXVanguard Institutional IndexInstitutionalVINIXVanguard Mid Cap IndexInstitutionalVMCIXVanguard Small Cap IndexInstitutionalVSCIXVanguard Total International Stock IndexInstitutionalVTSNXVanguard Total Market Bond IndexInstitutionalVBTIXR6ISOZXVoya Small Cap Opportunities*TIAA Traditional Annuity is a guaranteed insurance contract and not an investment for federal securities law purposes. Any guarantees under annuities issued byTIAA are subject to TIAA’s claims-paying ability.Please note, all investment options have expense ratios and other investment-specific fees that can be found in theprospectuses at www.tiaa-cref.org/cu. Some investment options may also have redemption fees.How your current assets and future contributions will transfer to the newinvestment optionsIf you currently invest with TIAA-CREFDuring the week of June 15, 2015, you will be enrolled in a new TIAA-CREF account, and you will be sent a TIAA-CREFWelcome Kit that includes your new account information. Your beneficiary election on your existing account with TIAA-CREFwill automatically be transferred to your new account. Beginning July 15, 2015, your current assets will be transferred toreplacement investment options listed below. If you have contributions directed to more than one vendor, then your beneficiary election(s) with TIAA-CREF will takeprecedence and transfer to your new account. All of your current mutual funds will transfer to the new account on July 20, 2015. Annuity investments will remainwhere they are until you take action. Your assets will remain invested during this time.Please note you will not be issued a new account if you are: A retired or terminated participant who only has CU Retirement Plan assets in TIAA-CREF annuities. A student employee who has not actively contributed to the Student Employee Retirement Plan (SERP) in the last 60days if your only investments are in annuities.See the transfer chart below to understand how your investments may be affected. Once you receive your Welcome Package fromTIAA-CREF for your new account, you can review and/or update your beneficiary designation. Once the transition is over, youcan choose how to re-allocate your current investments, and any future contributions, at www.tiaa-cref.org/cu.6

TIAA-CREF Mapping Guide 401(a) PlanTIAA-CREF AnnuitiesIf you currently have contributions and/or account balanceswith these options at TIAA-CREF TickerYour annuity account balances will remain wherethey are** and your future contributions afterJuly 15, 2015 will flow into.TickerMWTSXCREF Bond Market Account R3Variable AnnuityMetropolitan West Total Return Bond PlanCREF Equity Index Account R3Variable AnnuityBlackRock Equity Index Fund M CITN/ACREF Global Equities Account R3Variable Annuity50% BlackRock Equity Index Fund M CITN/A50% BlackRock MSCI ACWI Ex US IMI Index M CITN/ACREF Growth Account R3Variable AnnuityHarbor Capital Appreciation InstitutionalHACAXCREF Inflation-Linked Bond Account R3Variable AnnuityMetropolitan West Total Return Bond PlanMWTSXCREF Money Market Account R3Variable AnnuityWells Fargo Stable Value C CITCREF Social Choice Account R3Variable AnnuityTIAA-CREF Social Choice Equity Fund InstitutionalCREF Stock Account R3Variable AnnuityBlackRock Equity Index Fund M CITTIAA Real Estate AccountVariable AnnuityMorgan Stanley Institutional Global Real Estate Fund ITIAA Traditional AnnuityGuaranteedAnnuityTIAA Traditional Annuity Retirement Choice N/ATISCXN/AMRLAXGuaranteedAnnuity** Assets remain in your existing investment option until you elect to transfer them. The TIAA Traditional Annuity in the Retirement Choice contract has a guaranteed minimum interest rate of between 1% and 3%, which may be lower than your currentguaranteed rate. On the other hand, TIAA Traditional may have a higher crediting rate than the plan’s previous contracts. When TIAA Traditional assets are transferred out ofan old contract, you risk giving up a favorable crediting rate(s) on older contributions. Retirement Choice contracts have different liquidity rules.TIAA-CREF Mutual FundsIf you currently have contributions and/or account balanceswith these options at TIAA-CREF TickerYour existing account balances will automaticallytransfer on July 20, 2015, and your futurecontributions after July 15, 2015 will flow into.TIAA-CREF Emerging Markets Equity Fund - InstitutionalTEMLXBlackRock MSCI ACWI Ex US IMI Index M CITN/ATIAA-CREF Emerging Markets Equity Index Fund - InstitutionalTEQLXBlackRock MSCI ACWI Ex US IMI Index M CITN/ATIAA-CREF Global Natural Resources Fund - InstitutionalTNRIXBlackRock Equity Index Fund M CITTIAA-CREF High-Yield Fund - InstitutionalTIHYXMetropolitan West Total Return Bond PlanTIAA-CREF International Equity Fund - InstitutionalTIIEXBlackRock MSCI ACWI Ex US IMI Index M CITTIAA-CREF Large-Cap Value Fund - InstitutionalTRLIXDodge & Cox Stock FundTIAA-CREF Lifecycle 2010 Fund - InstitutionalTCTIXVanguard Target Retirement 2010 Trust II CITN/ATIAA-CREF Lifecycle 2015 Fund - InstitutionalTCNIXVanguard Target Retirement 2015 Trust II CITN/ATIAA-CREF Lifecycle 2020 Fund - InstitutionalTCWIXVanguard Target Retirement 2020 Trust II CITN/ATIAA-CREF Lifecycle 2025 Fund - InstitutionalTCYIXVanguard Target Retirement 2025 Trust II CITN/ATIAA-CREF Lifecycle 2030 Fund - InstitutionalTCRIXVanguard Target Retirement 2030 Trust II CITN/ATIAA-CREF Lifecycle 2035 Fund - InstitutionalTCIIXVanguard Target Retirement 2035 Trust II CITN/ATIAA-CREF Lifecycle 2040 Fund - InstitutionalTCOIXVanguard Target Retirement 2040 Trust II CITN/ATIAA-CREF Lifecycle 2045 Fund - InstitutionalTTFIXVanguard Target Retirement 2045 Trust II CITN/ATIAA-CREF Lifecycle 2050 Fund - InstitutionalTFTIXVanguard Target Retirement 2050 Trust II CITN/ATIAA-CREF Lifecycle 2055 Fund - InstitutionalTTRIXVanguard Target Retirement 2055 Trust II CITN/ATIAA-CREF Lifecycle Retirement Income Fund - InstitutionalTLRIXVanguard Target Retirement Income Trust II CITTIAA-CREF Mid-Cap Growth Fund - InstitutionalTRPWXArtisan Mid Cap InstitutionalAPHMXTIAA-CREF Mid-Cap Value Fund - InstitutionalTIMVXBlackRock Mid Cap Value Opportunities IMARFXTIAA-CREF Small-Cap Equity Fund - InstitutionalTISEXBlackRock Russell 2000 Index M CITTIAA-CREF Social Choice Bond Fund - InstitutionalTSBIXMetropolitan West Total Return Bond PlanTIAA-CREF Social Choice Equity Fund - InstitutionalTISCXTIAA-CREF Social Choice Equity Fund X7

TIAA-CREF Mapping Guide 403(b) and SERP PlansTIAA-CREF AnnuitiesIf you currently have contributions and/or account balanceswith these options at TIAA-CREF TickerYour annuity account balances will remain wherethey are** and your future contributions afterJuly 15, 2015 will flow into.TickerCREF Bond Market Account R3Variable AnnuityMetropolitan West Total Return Bond PlanMWTSXCREF Equity Index Account R3Variable AnnuityVanguard Institutional Index InstitutionalVINIXCREF Global Equities Account R3Variable Annuity50% Vanguard Institutional Index InstitutionalVINIX50% Vanguard Total International Stock Index InstitutionalVTSNXCREF Growth Account R3Variable AnnuityHarbor Capital Appreciation InstitutionalHACAXCREF Inflation-Linked Bond Account R3Variable AnnuityMetropolitan West Total Return Bond PlanMWTSXCREF Money Market Account R3Variable AnnuityCREF Money Market Account R3VariableAnnuityCREF Social Choice Account R3Variable AnnuityTIAA-CREF Social Choice Equity Fund InstitutionalTISCXCREF Stock Account R3Variable AnnuityVanguard Institutional Index InstitutionalVINIXTIAA Real Estate AccountVariable AnnuityMorgan Stanley Institutional Global Real Estate Fund IMRLAXTIAA Traditional Annuity Retirement Choice Plus GuaranteedAnnuityTIAA Traditional AnnuityGuaranteedAnnuity** Assets remain in your existing investment option until you elect to transfer them. The TIAA Traditional Annuity in the Retirement Choice Plus contract has a guaranteed minimum interest rate of between 1% and 3%, which may be lower than your currentguaranteed rate. On the other hand, TIAA Traditional may have a higher crediting rate than the plan’s previous contracts. When TIAA Traditional assets are transferred outof an old contract, you risk giving up a favorable crediting rate(s) on older contributions. Retirement Choice Plus contracts have different liquidity rules.TIAA-CREF Mutual FundsIf you currently have contributions and/or account balanceswith these options at TIAA-CREF TickerYour existing account balances will automaticallytransfer on July 20, 2015, and your futurecontributions after July 15, 2015 will flow into.TickerTIAA-CREF Emerging Markets Equity Fund - InstitutionalTEMLXVanguard Total International Stock Index InstitutionalVTSNXTIAA-CREF Emerging Markets Equity Index Fund - InstitutionalTEQLXVanguard Total International Stock Index InstitutionalVTSNXTIAA-CREF Global Natural Resources Fund - InstitutionalTNRIXVanguard Institutional Index InstitutionalVINIXTIAA-CREF High-Yield Fund - InstitutionalTIHYXMetropolitan West Total Return Bond PlanMWTSXTIAA-CREF International Equity Fund - InstitutionalTIIEXVanguard Total International Stock Index InstitutionalVTSNXTIAA-CREF Large-Cap Value Fund - InstitutionalTRLIXDodge & Cox Stock FundDODGXTIAA-CREF Lifecycle 2010 Fund - InstitutionalTCTIXVanguard Target Retirement 2010 Fund Investor SharesVTENXTIAA-CREF Lifecycle 2015 Fund - InstitutionalTCNIXVanguard Target Retirement 2015 Fund Investor SharesVTXVXTIAA-CREF Lifecycle 2020 Fund - InstitutionalTCWIXVanguard Target Retirement 2020 Fund Investor SharesVTWNXTIAA-CREF Lifecycle 2025 Fund - InstitutionalTCYIXVanguard Target Retirement 2025 Fund Investor SharesVTTVXTIAA-CREF Lifecycle 2030 Fund - InstitutionalTCRIXVanguard Target Retirement 2030 Fund Investor SharesVTHRXTIAA-CREF Lifecycle 2035 Fund - InstitutionalTCIIXVanguard Target Retirement 2035 Fund Investor SharesVTTHXTIAA-CREF Lifecycle 2040 Fund - InstitutionalTCOIXVanguard Target Retirement 2040 Fund Investor SharesVFORXTIAA-CREF Lifecycle 2045 Fund - InstitutionalTTFIXVanguard Target Retirement 2045 Fund Investor SharesVTIVXTIAA-CREF Lifecycle 2050 Fund - InstitutionalTFTIXVanguard Target Retirement 2050 Fund Investor SharesVFIFXTIAA-CREF Lifecycle 2055 Fund - InstitutionalTTRIXVanguard Target Retirement 2055 Fund Investor SharesVFFVXTIAA-CREF Lifecycle Retirement Income Fund - InstitutionalTLRIXVanguard Target Retirement Income Fund Investor SharesVTINXTIAA-CREF Mid-Cap Growth Fund - InstitutionalTRPWXArtisan Mid Cap InstitutionalAPHMXTIAA-CREF Mid-Cap Value Fund - InstitutionalTIMVXBlackRock Mid Cap Value Opportunities IMARFXTIAA-CREF Small-Cap Equity Fund - InstitutionalTISEXVanguard Small Cap Index InstitutionalVSCIXTIAA-CREF Social Choice Bond Fund - InstitutionalTSBIXMetropolitan West Total Return Bond PlanMWTSX8

TIAA-CREF Mutual FundsIf you currently have contributions and/or account balanceswith these options at TIAA-CREF TIAA-CREF Social Choice Equity Fund - InstitutionalTickerTISCXYour existing account balances will automaticallytransfer on July 20, 2015, and your futurecontributions after July 15, 2015 will flow into.TickerTIAA-CREF Social Choice Equity Fund InstitutionalTISCXIf you currently invest with Fidelity and/or VanguardDuring the week of June 15, 2015, you will be enrolled in a new TIAA-CREF account, and you will be sent a Welcome Kit thatincludes your new account information. Your beneficiary will be set to “Estate.” Once you receive your Welcome Package fromTIAA-CREF, you should take time to update your beneficiary information. This can easily be done online after logging in atwww.tiaa-cref.org/cu.On or about July 9, 2015, transactions will freeze (a Blackout Period will begin). During this time, you will be unable toexecute transactions through Fidelity and Vanguard, change investment choices or contribution amounts, or requestdistributions. If you are currently contributing to the Plan, payroll contributions will continue to be withheld. For details, seethe enclosed Blackout Notice.Beginning July 15, 2015, your current assets in and any future contributions to the retirement program will be redirectedfrom Fidelity and/or Vanguard to the new investment options. See the chart below to understand how your investments maybe affected. Once the transition is completed, you may be able to direct your assets and any future contributions to otheroptions on the new investment menu at www.tiaa-cref.org/cu.The Vanguard funds listed below will transfer in kind. The process is as follows:Vanguard will re-register the mutual fund shares to TIAA-CREF’s custodian. As a result of the in-kind transfer, your assetswill remain fully invested during this re-registration process.Investment NameTickerVanguard Institutional Index InstitutionalVINIXVanguard Target Retirement 2010 Investor SharesVTENXVanguard Target Retirement 2015 Investor SharesVTXVXVanguard Target Retirement 2020 Investor SharesVTWNXVanguard Target Retirement 2025 Investor SharesVTTVXVanguard Target Retirement 2030 Investor SharesVTHRXVanguard Target Retirement 2035 Investor SharesVTTHXVanguard Target Retirement 2040 Investor SharesVFORXVanguard Target Retirement 2045 Investor SharesVTIVXVanguard Target Retirement 2050 Investor SharesVFIFXVanguard Target Retirement 2055 Investor SharesVFFVXVanguard Target Retirement 2060 Investor SharesVTTSXVanguard Target Retirement Income Fund Investor SharesVTINX9

Two-step processThe funds listed below will move through the two-step process. These funds are transferred as follows:Step 1:Once the Plan account assets are received by TIAA-CREF from Fidelity and/or Vanguard, they will be applied as of 2 p.m.(MT) on the date of receipt to the CREF Money Market Account. Upon receipt of participant-level data from Fidelity andVanguard, the data will be fully reconciled to the assets received. When reconciliation is completed, the participant-levelinstructions will be determined to be in good order and the asset transfer process will proceed to Step 2.Step 2:The Plan account assets in the CREF Money Market Account will be liquidated and then mapped at the participant level inaccordance with the age-appropriate Vanguard target date investment option based on your date of birth. Any Plan earningson the assets from the CREF Money Market Account from the initial trade date through the date Step 2 is completed will beallocated to your account in a proportionate manner.Participant accounts will be invested in the CREF Money Market Account for a period during which participant accountswill not share in the investment experience of the age-appropriate Vanguard target date investment option. You will receivetwo confirmation statements from TIAA-CREF — the first for the transfer of assets to the CREF Money Market Accountand the second for the transfer from the CREF Money Market Account to your age-appropriate Vanguard target dateinvestment option.Investment NameTickerInvestment NameTickerFidelity Asset Manager 20%FASIXVanguard Balanced Index Fund Investor SharesVBINXFidelity Asset Manager 30%FTANXVanguard LifeStrategy Conservative Growth Fund Investor SharesVSCGXFidelity Asset Manager 40%FFANXVanguard LifeStrategy Growth Fund Investor SharesVASGXFidelity Asset Manager 50%FASMXVanguard LifeStrategy Income Fund Investor SharesVASIXFidelity Asset Manager 60%FSANXVanguard LifeStrategy Moderate Growth Fund Investor SharesVSMGXFidelity Asset Manager 70%FASGXVanguard STAR Fund Investor SharesVGSTXFidelity Asset Manager 85%FAMRXVanguard Wellesley Income Fund Investor SharesVWINXVanguard Wellington Fund Investor SharesVWELXFidelity Balanced KFBAKXFidelity Four-In-One IndexFFNOXFidelity Global StrategiesFDYSXFidelity Puritan KFPUKXFidelity Strategic Real ReturnFSRRXFund to fundAll remaining investments will move through the fund-to-fund mapping process and are transferred as follows: Once the Planaccount assets are received by TIAA-CREF from Fidelity and Vanguard, they will be applied as of 2 p.m. (MT) on the date ofreceipt in accordance with the investment transfer strategy below. As a result of the fund-to-fund mapping process, youraccount(s) will not share in the investment experience of these new funds for one business day. If you have questions about thetechnical details of your asset transfer, please call 001 212 490-9000.10

Fidelity Mapping Guide 401(a) PlanIf you currently have contributions and/or accountbalances with these options at Fidelity They will automatically transfer to these options in CU’sretirement plan on July 15, 2015 TickerTickerFidelity Asset Manager 20%FASIXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Asset Manager 30%FTANXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Asset Manager 40%FFANXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Asset Manager 50%FASMXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Asset Manager 60%FSANXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Asset Manager 70%FASGXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Asset Manager 85%FAMRXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Balanced KFBAKXOAge Appropriate Vanguard Target Retirement Series Trust II CITN/AFidelity Blue Chip Growth KFBGKXOHarbor Capital Appreciation InstitutionalHACAXFidelity Blue Chip ValueFBCVXODodge & Cox Stock FundDODGXFidelity CanadaFICDXOBlackRock MSCI ACWI Ex US IMI Index M CITN/AFidelity Capital Appreciation KFCAKXOHarbor Capital Appreciation InstitutionalHACAXFidelity Capital & IncomeFAGIXOMetropolitan West Total Return Bond PlanMWTSXFidelity Cash ReservesFDRXXOWells Fargo Stable Value C CITN/AFidelity China RegionFHKCXOBlackRock MSCI ACWI Ex US IMI Index M CITN/AFidelity Conservative Income BondFCONXOWells Fargo Stable Value C CITN/AFidelity Contrafund KFCNKXOHarbor Capital Appreciation InstitutionalHACAXFidelity Convertible SecuritiesFCVSXOMetropolitan West Total Return Bond PlanMWTSXFidelity Corporate BondFCBFXOMetropolitan West Total Return Bond PlanMWTSXFidelity Disciplined Equity KFDEKXOBlackRock Equity Index Fund

W New Retirement Choice (RC) and Retirement Choice Plus (RCP) Annuity contracts will be issued for future contributions. . Vanguard Target Retirement 2010 Trust (CIT) II N/A Vanguard Target Retirement 2015 Trust (CIT) II N/A . Vanguard Target Retirement 2050 Trust (CIT) II N/A Vanguard Target Retireme

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