NOTICE OF PUBLIC HEARING ON PROPOSED GENERAL ORDINANCE NO. 02-2026 AND PROPOSED GENERAL ORDINANCE NO. 04-2026 OF THE INDIANAPOLIS AIRPORT AUTHORITY

NOTICE OF PUBLIC HEARING ON PROPOSED GENERAL ORDINANCE NO. 02-2026 AND PROPOSED GENERAL ORDINANCE NO. 04-2026 OF THE INDIANAPOLIS AIRPORT AUTHORITY Notice is hereby given that on the 26th day of June 2026, at a meeting of the Board of the Indianapolis Airport Authority (the "Authority"), there was introduced proposed General Ordinance No. 02-2026 and proposed General Ordinance No. 04-2026 (the "2026 Ordinances") which are both supplemental to General Ordinance No. 01-2026 (the "Master Ordinance," and with the 2026 Ordinances, the "Ordinance"). The notice of public hearing relating to the introduction of the proposed 2026 Ordinances was published in the Indianapolis Star, the Daily Reporter, and the Indianapolis Business Journal, each a newspaper of general circulation, on July 3, 2026, and on July 10, 2026. Capitalized terms used herein and not otherwise defined shall have the same meaning set forth in the Ordinance. The 2026 Ordinances pertain to: (a) the issuance of one or more sub-series of subordinate obligations as Subordinate Securities of said Authority designated Indianapolis Airport Authority Subordinate Securities, designated by series and by the year of issue; and (b) the issuance of one or more series or subseries of additional revenue bonds designated Indianapolis Airport Authority [Refunding] Revenue Bonds to refund all or a portion of the Authority's outstanding revenue bonds and to fund other purposes. In General Ordinance No. 02-2026, the Authority has determined to issue up to $235,000,000 in principal amount of Subordinate Securities, Series 2026A (the "2026A Subordinate Authority Notes"), in one or more sub-series in order to: (i) refund or exchange certain outstanding Revenue Bonds of the Authority in an amount not the exceed $50,000,000, (ii) fund construction of the Projects (as defined herein), (iii) fund a reserve, if necessary, and (iv) pay costs of issuance of the 2026A Subordinate Authority Notes and the 2026 Subordinate Bond Bank Notes. The 2026A Subordinate Authority Notes may be purchased by The Indianapolis Local Public Improvement Bond Bank (the "Bond Bank") in a negotiated sale subject to approval by the Board of Directors of the Bond Bank and the Bond Bank will issue the 2026 Subordinate Bond Bank Notes (as defined in the General Ordinance No. 02-2026) to fund such purchase and to otherwise assist in the sale of the 2026A Subordinate Authority Notes and the 2026 Subordinate Bond Bank Notes. In General Ordinance No. 04-2026, the Authority has determined to issue up to $50,000,000 in principal amount of Indianapolis Airport Authority [Refunding] Revenue Bonds (the "2026B Authority Revenue Bonds") in one or more sub-series. The 2026B Authority Revenue Bonds may be purchased by the Bond Bank in a negotiated sale subject to approval by the Board of Directors of the Bond Bank and the Bond Bank will issue its related bonds (the "2026 Bond Bank Bonds") to fund the purchase of and otherwise assist in the sale of the 2026B Authority Revenue Bonds and the 2026 Bond Bank Bonds. The proceeds of the 2026A Subordinate Authority Notes (and the 2026 Subordinate Bond Bank Notes) will be used by the Authority to provide funds to: (a) refund or exchange certain outstanding Revenue Bonds of the Authority for savings, and (b) improve various airport facilities at the Indianapolis International Airport (the "Airport"), including but not limited to, (1) expansion of the parking garage, (2) improvements to the baggage system, (3) expansion of economy lot B, (4) restroom renovations in terminal and concourses, (5) repair and replace terminal and garage escalators and elevators, (6) replacement of boarding bridges, (7) taxiway P reconstruction, (8) taxiway R reconstruction, (9) TNC terminal access lanes, (10) north runway complex upgrades, and (11) capitalized interest during the construction of any of items described in (1) through (10) above (collectively, the "Projects"). The Authority will be the principal user of the Projects. The proceeds of the 2026B Authority Revenue Bonds (and the 2026 Bond Bank Bonds) will be used to provide funds: (i) to refund the Prior Bond Bank Bonds and exchange the 2026B Authority Revenue Bonds for the Prior Authority Bonds held by the Bond Bank (each as defined in the General Ordinance No. 04-2026) and thereby refinance capital improvements to the Airport; (ii) to fund an Authority Reserve Account for the 2026B Authority Revenue Bonds, if necessary or desirable; (iii) to fund the cost of any termination, postponement, modification, adjustment, amendment or novation of any existing related investment agreements; (iv) fund other eligible costs; and (v) to pay the costs of issuance of the 2026B Authority Revenue Bonds and the 2026 Bond Bank Bonds. The 2026 Subordinate Bond Bank Notes and the 2026 Bond Bank Bonds will be issued by the Bond Bank pursuant to Indiana Code 5-1.4 and a resolution adopted by members of the Board of Directors of the Bond Bank. The 2026A Subordinate Authority Notes and the 2026B Authority Revenue Bonds will be issued by the Authority pursuant to Indiana Code 8-22-3 (the "Act") and the proposed 2026 Ordinances. The 2026 Subordinate Bond Bank Notes, the 2026 Bond Bank Bonds, the 2026B Authority Revenue Bonds, and the 2026A Subordinate Authority Notes will not be general obligations of the Authority, the Bond Bank, the City of Indianapolis (the "City"), Marion County (the "County"), the State of Indiana (the "State") or any political subdivision thereof. The 2026 Subordinate Bond Bank Notes, the 2026 Bond Bank Bonds, the 2026B Authority Revenue Bonds, and the 2026A Subordinate Authority Notes will be special limited obligations of the Bond Bank and the Authority, respectively. The 2026 Subordinate Bond Bank Notes will be payable solely from the payments made by the Authority on the 2026A Subordinate Authority Notes and the 2026A Subordinate Authority Notes will be payable by the Authority solely from a pledge of the Net Revenues of the Airport System of the Authority on a subordinate and junior basis to the Authority's Revenue Bonds issued pursuant to the Ordinance that have priority over Subordinate Securities, whether currently outstanding or issued in the future. The 2026 Bond Bank Bonds will be payable solely from the payments made by the Authority on the 2026B Authority Revenue Bonds and the 2026B Authority Revenue Bonds are payable from and secured by a first priority lien on certain Net Revenues of the Airport System of the Authority, on a parity with the other Authority Revenue Bonds issued pursuant to the Ordinance, whether currently outstanding or issued in the future. The Authority has reserved the right to issue additional Revenue Bonds under the Ordinance, that are payable from and secured by a first lien on the Net Revenues on parity with the outstanding Revenue Bonds and senior to the Subordinate Securities. The Authority has also reserved the right to issue additional Subordinate Securities under the Ordinance that rank on a parity with the 2026A Subordinate Authority Notes issued contemporaneously herewith, and any other Subordinate Securities now or hereafter outstanding. The 2026 Subordinate Bond Bank Notes, the 2026 Bond Bank Bonds, the 2026B Authority Revenue Bonds, and the 2026A Subordinate Authority Notes will not be in any respect payable from revenues raised by taxation. The 2026 Subordinate Bond Bank Notes, the 2026A Subordinate Authority Notes, the 2026 Bond Bank Bonds, and the 2026B Authority Revenue Bonds shall not constitute a debt, liability or obligation of the Authority, the Bond Bank, the City, the County or the State or a pledge of the faith and credit or taxing power of any of them but shall be payable only as aforesaid. The public hearing upon said proposed 2026 Ordinances and the issuance of the 2026 Subordinate Bond Bank Notes , the 2026A Subordinate Authority Notes, the 2026 Bond Bank Bonds, and the 2026B Authority Revenue Bonds will be held by the Authority on behalf of itself and the Bond Bank at 8:00 a.m. (Indianapolis time) on July 17, 2026, in connection with the Authority's regularly scheduled board meeting to be held in the Authority's board room (Room 11T.413) located at the Airport terminal, 7800 Colonel H. Weir Cook Memorial Drive, Indianapolis, Indiana, at which time and place testimony, evidence or arguments for or against such ordinances from interested persons will be heard under rules established by the Authority. The public hearing is also required by Section 147(f) of the Internal Revenue Code of 1986, as amended, and Indiana Code 8-22-3-10. The public is invited to attend and comment on any of the matters herein noted. Written comments may also be submitted to the Treasurer of the Authority on or prior to July 16, 2026, by delivering such comments to the Authority's office at 7800 Colonel H. Weir Cook Memorial Drive, Suite 100, Indianapolis, Indiana. The proposed 2026 Ordinances are available for public inspection at the office of the board at 7800 Colonel H. Weir Cook Memorial Drive, Indianapolis, Indiana. Should special assistance/accommodations be needed for an individual's participation in the hearing, please call 317-487-9594 or TDD 711/800-743-3333 at least forty-eight (48) hours prior to the scheduled hearing date. Dated this 3rd day of July 2026 and this 10th day of July 2026. INDIANAPOLIS AIRPORT AUTHORITY /s/ Robert B. Thomson Treasurer July 3, 10 2026 LSBN0547058