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Tab_57Notice of Defeasance ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2009 SERIES ONE MATURING ON AND AFTER SEPTEMBER 1, 2017 NOTICE IS HEREBY GIVEN to the holders of the outstanding Alaska Municipal Bond Bank General Obligation Bonds, 2009 Series One (the "2009 Series One Bonds") that a portion of the outstanding 2009 Series One Bonds maturing on and after September 1, 2017 are being defeased and that the defeased 2009 Series One Bonds (the "Refunded Bonds") (i) maturing on and after September 1, 2019 will be called for redemption on September 1, 2019, in accordance with their terms, at a redemption price equal to 100% of the principal amount thereof, plus in each case accrued interest to the date fixed for redemption; or (ii) maturing on September 1, 2017 or September 1, 2018, as applicable, will be retired on such dates in accordance with their terms, at a retirement price equal to the related principal amount thereof, plus accrued interest to the related date fixed for maturity. The funds to be used for such redemption or retirement, as applicable, have heretofore been deposited with the Escrow Agent. The 2009 Series One Bonds were issued on January 21, 2009 and the 2009 Series One Bonds being defeased accrue interest at the following interest rates: Redemption or Maturity Outstanding Original CUSIP Retirement Date Principal Interest No. Price (% of (September 1) Amount* Rate (01179) Maturity) 2017 $820,000.00 5.000% PZB6 100% 2018 1,040,000.00 5.000 PZC4 100 2019 25,000.00 5.000 PJD6 100 2020 25,000.00 5.000 RJE4 100 2021 30,000.00 5.000 RJF1 100 2022 30,000.00 5.000 RJG9 100 2023 215,000.00 5,250 RJH7 100 2024 30,000.00 5.250 RJJ3 100 2025 35,000.00 5.375 RJKO 100 2026 35,000.00 5.500 RJL8 100 2027 40,000.00 5.500 RJIM6 100 2028 235,000.00 5.500 RJN4 100 2029 40,000.00 5.625 RJP9 100 2033 195,000.00 5.750 RJQ7 100 2037 245,000.00 5.875 PZR1 100 * As of October 18, 2016. Defeased Defeased Principal CUSIP No. Amount (01179) $25,000.00 RUP6 25,000.00 RUQ4 25,000.00 RJD6 25,000.00 RJE4 30,000.00 RJF1 30,000,00 RJG9 30,000,00 RUT8 30,000.00 RJJ3 35,000.00 RJKO 35,000.00 RJL8 40,000.00 RJM6 40,000.00 RUU5 40,000.00 RJP9 195,000.00 RJQ7 245,000.00 PZR1 This CUSIP® number has been assigned by the Bond Bank's CUSIP Global Services and is included solely for the convenience of the holders. Neither the Bond Bank nor the Escrow Agent or Trustee shall be responsible for the selection or use of this CUSIP® number, nor is any representation made to its correctness on the bond or as indicated in any redemption notice. AMBB - General Obligation and Refunding Bonds, 2016 Series Three Notice of Defeasance (2009 Series One) Holders of the Refunded Bonds maturing on and after September 1, 2019 to be redeemed and the Refunded Bonds maturing on September 1, 2017 and September 1, 2018 to be retired will receive payment of the redemption price or related retirement price, as applicable, and accrued interest to which they are entitled upon presentation and surrender thereof at the corporate trust office of The Bank of New York Mellon Trust Company, N.A., as set forth below. First Class/Registered/Certified Express Delivery Only By Hand Only The Bank of New York Mellon The Bank of New York Mellon The Bank of New York Mellon Global Corporate Trust Global Corporate Trust Global Corporate Trust P.O. Box 396 111 Sanders Creek Parkway Corporate Trust Window East Syracuse, New York 13057 East Syracuse, New York 13057 101 Barclay Street, 1st Floor East New York, New York 10286 Such Refunded Bonds have been defeased and therefore are deemed to be no longer outstanding, but will be payable solely by application of moneys deposited into the escrow account held by the Escrow Agent. DATED this 3rd day of November 2016. AMBB - General Obligation and Refunding Bonds, 2016 Series Three Notice of Defeasance (2009 Series One)