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Tab_292Notice of Defeasance ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2006 SERIES TWO MATURING ON AND AFTER DECEMBER 1, 2017 NOTICE IS HEREBY GIVEN to the holders of the following defeased Alaska Municipal Bond Bank, General Obligation Bonds, 2006 Series Two (the "Defeased 2006 Series Two Bonds") that the Defeased 2006 Series Two Bonds maturing on and after December 1, 2017, have been called for redemption on December 5, 2016, 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. The funds to be used for each redemption have heretofore been deposited with the Escrow Agent. The 2006 Series Two Bonds were issued on July 26, 2006 and the 2006 Series Two Bonds being defeased accrue interest at the following interest rates: Maturity Outstanding Original CUSIP Redemption Defeased Defeased Date Principal Interest No. Price (/o of Principal CUSIP No. (December 1) Amount* Rate (01179) Principal) Amount (01179) 2021 $5,430,000.00 5.500% PQK6 100% $5,430,000.00 PQK6 2026 7,095,000.00 5.500 PQQ3 100 7,095,000.00 PQQ3 2031 9,180,000.00 5.000 PQR1 100 9,180,000,00 PQR1 2035 10,905,000.00 5.000 PQS9 100 10,905,000.00 PQS9 * As of October 18, 2016. 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. Holders of the Defeased 2006 Series Two Bonds maturing on and after December 1, 2017 being redeemed will receive payment of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof at the designated corporate trust office of The Bank of New York Mellon Trust Company, NA., 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 Four Notice of Defeasance (2006 Series Two) Notice of Optional Redemption ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2006 SERIES TWO MATURING ON AND AFTER DECEMBER 1, 2017 NOTICE IS HEREBY GIVEN to the holders of the following outstanding Alaska Municipal Bond Bank, General Obligation Bonds, 2006 Series Two (the "2006 Series Two Bonds") that the outstanding 2006 Series Two Bonds maturing on and after December 1, 2017 are being defeased and that the defeased 2006 Series Two Bonds (the "Refunded Bonds") will be redeemed on December 5, 2016, 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. The source of the funds to be used for such redemption is the principal of and interest on Escrow Obligations theretofore deposited with the Trustee as Escrow Agent, together with moneys theretofore deposited with the Escrow Agent. The Defeased 2006 Series Two Bonds represent a portion of the bonds issued on July 26, 2006; and defeased on December 5, 2016 and are described below: Principal Redemption Redemption Defeased Maturity Amount Date Price (% of CUSIP No. (December 1) Defeased Interest Rate (December 5) Principal) (01179) 2021 $5,430,000.00 5.500% 2016 100% PQK6 2026 7,095,000.00 5.500 2016 100 PQQ3 2031 9,180,000.00 5.000 2016 100 PQR1 2035 10,905,000.00 5.000 2016 100 PQS9 The redemption price of and accrued interest on Defeased 2006 Series Two Bonds maturing on and after December 1, 2017 shall become due and payable on December 5, 2016, and from and after December 5, 2016, interest on the 2006 Series Two Bonds maturing on and after December 1, 2017 shall cease to accrue and be payable. Holders of the Refunded Bonds maturing on and after December 1, 2017 being redeemed will receive payment of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof at the designated corporate trust office of The Bank of New York Mellon Trust Company, N,A. The Defeased 2006 Series Two Bonds shall be surrendered for redemption to: 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 Corporate P.O. Box 396 111 Sanders Creek Parkway Trust Window East Syracuse, New York 13057 East Syracuse, New York 13057 101 Barclay Street, 1st Floor East New York, New York 10286 Bondholder Communications can be reached at 1-800-254-2826. 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 Four Notice of Optional Redemption (2006 Series Two) The Issuer and Trustee shall not be responsible for the use of the CUSIP number(s) selected, nor is any representation made as to their correctness indicated in the notice or as printed on any Bonds. They are included solely for the convenience of the holders. IMPORTANT TAX NOTICE Withholding of 28% of gross redemption proceeds of any payment made within the United States may be required by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the 'Act"), unless the Trustee has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Please furnish a properly completed Form W9 or exemption certificate or equivalent when presenting your securities. DATED this 3' day of November, 2016 AJVIBB - General Obligation and Refunding Bonds, 2016 Series Four Notice of Optional Redemption (2006 Series Two)