FINANCE AUTHORITY OF MAINE
NOTICE OF INTENT TO ISSUE
REVENUE OBLIGATION SECURITIES

Notice is hereby given that the Finance Authority of Maine (FAME) intends to issue Revenue Obligation Securities (the “Securities”) pursuant to the Finance Authority of Maine Act (Chapter 110 of Title 10 of the Maine Revised Statutes, as amended) and has issued its Certificate of Approval for the Project to be financed with proceeds of the Securities. Set forth below is a summary of the Certificate including a description of the purpose for which the Securities will be issued, a statement of the maximum principal amount of the Securities and the time within which any proceeding to set aside certain actions of FAME with respect to the Project, plan of finance or the Securities or otherwise obtain relief on grounds of invalidity of such action must be commenced.

PROJECT USER: The Waynflete School (the “School”)

PROJECT LOCATION: 360 Spring Street, Portland, Maine 04102 (the “Campus”)

PURPOSE OF PROJECT: Proceeds of the Securities will be used to (a) finance or refinance costs of facilities owned by the School, including (i) up to $16,520,000 in proceeds to refund the Finance Authority of Maine Education Refunding and Revenue Bonds, Series 2014A and 2014B, proceeds of which financed and refinanced costs of facilities at the School’s campus at 360 Spring Street in the City of Portland, Maine, and to pay the cost of terminating certain existing interest rate swap transactions; and (ii) up to $14,980,000 in proceeds to be used, with other available funds (including capital campaign and institutional funds), for demolition of the existing gymnasium and construction of a new Wellness and Athletic Center located at 360 Spring Street, Portland, Maine, to include a full-size varsity basketball court (including two practice courts when the bleachers are retracted) with bleacher seating for up to 350 spectators, locker rooms, and a variety of wellness, athletic and fitness rooms, or for other capital expenditures on the campus; (b) pay capitalized interest on the Securities; and (c) pay all or part of the costs of issuance of the Securities.

MAXIMUM AMOUNT OF REVENUE OBLIGATION SECURITIES TO BE ISSUED BY FAME TO PROVIDE FINANCING FOR THE PROJECT: $32,000,000

Any action or proceeding in any court to contest the issuance of the Securities, to set aside the Certificate of Approval for the Project or to obtain relief upon the grounds that the Certificate of Approval was improperly issued, was issued for unauthorized purposes or is otherwise invalid for any reason, must be started within 30 days after the date of publication of this Notice. After the expiration of such a 30-day period of limitation, no right of action or defense founded upon the invalidity of the approval; or contesting any provision or the issuance of the Certificate of Approval or the issuance of the Securities may be started or asserted nor shall the Certificate of Approval or the issuance of Securities be open to question in any court upon any grounds.

This Notice published pursuant to 10 M.R.S.A. Section 1044(1).

Finance Authority of Maine
5 Community Drive
P.O. Box 949
Augusta, ME 04332-0949
(207) 623-3263

Contact Person: Christopher H. Roney, General Counsel