NOTICE OF PUBLIC HEARING ON PROPOSED ISSUANCE OF BONDS NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), will be held by the Dutchess County Local Development Corporation (the "Issuer") on the 10th day of March, 2026 at 9:30 o'clock a.m., local time, at the Town of Stanford Town Hall, Town Board Room, 26 Town Hall Road, Stanfordville, New York 12581, in connection with the following matter: MILLBROOK SCHOOL, a New York not-for-profit corporation (the "School") and an organization described in Section 501(c)(3) of the Code, has requested that the Issuer provide financing for the School in the form of tax-exempt Revenue Bonds in an aggregate principal amount not to exceed Twelve Million Dollars ($12,000,000) (the "Bonds"), the proceeds of which are to be used for the purposes of financing a project (the "Project"), consisting of: (1) Paying the costs of the construction, installation, renovation, improvement, furnishing and equipping of certain educational, residential, and other facilities located at the School's campus located at 131 Millbrook School Road, Millbrook, New York 12545 (the "Campus"); (2) Funding necessary reserves and paying capitalized interest and certain costs incidental to the issuance of the Bonds; and (3) The granting of certain other financial assistance with respect to the foregoing, including potential exemptions from mortgage recording taxes (collectively with the Bonds, the "Financial Assistance"). The facilities described in subparagraph (1) above are collectively referred to herein as the "Facility." The Facility will be owned and operated by the School. The Issuer is contemplating providing financial assistance to the School with respect to the Project in the form of: (1) the issuance of the Bonds; and (2) an exemption from all mortgage recording taxes with respect to any qualifying mortgage on the Facility (or such interest in the Facility as is conveyed to the Issuer) to secure the Bonds and/or any other indebtedness incurred by or for the benefit of the School in connection with the Project. If issued, the Bonds are intended to be issued as qualified 501(c)(3) bonds, pursuant to Section 145 of the Code. The Bonds will be special obligations of the Issuer payable solely from certain amounts payable under an agreement with the School pledged to the repayment of the Bonds. THE BONDS SHALL NOT BE A DEBT OF THE ISSUER NOR OF DUTCHESS COUNTY, AND NONE OF THE ISSUER, THE STATE OF NEW YORK, OR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING DUTCHESS COUNTY, SHALL BE LIABLE THEREON. The Issuer will at the above-stated time and place hear all persons with views in favor of or opposed to the Project or the Financial Assistance being contemplated by the Issuer in connection therewith. Interested parties may present their views both orally and in writing with respect to the Project or the Financial Assistance. Additional information can be obtained from, and written comments may be addressed to: Robin Mack, the Chief Executive Officer, Dutchess County Local Development Corporation, Three Neptune Road, Poughkeepsie, New York 12601; Telephone: (845) 463-5400 or via e-mail to robin@thinkdutchess.com. A copy of the School's application for financing is available for review by the public upon request to the Chief Executive Officer. A transcript or summary report of the hearing will be made available to the County Executive of Dutchess County, New York. Approval of the issuance of the Bonds by the County Executive of Dutchess County, New York is necessary in order for the interest on the Bonds to qualify for exemption from federal income taxation. Dated: February 23, 2026 DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION By: /s/ MARK DOYLE Mark Doyle, Chairman February 23 2026 LNYS0462687