SUMMARY NOTICE OF BOND SALE $101,250,000* UNIFIED SCHOOL DISTRICT NO. 229, JOHNSON COUNTY, KANSAS (BLUE VALLEY) GENERAL OBLIGATION SCHOOL BONDS SERIES 2025-A (GENERAL OBLIGATION BONDS PAYABLE FROM UNLIMITED AD VALOREM TAXES) Bids. SUBJECT to the Notice of Bond Sale dated on or about November 3, 2025 (the "Notice"), email and electronic bids will be received on behalf of the Chief Financial Officer of Unified School District No. 229, Johnson County, Kansas (Blue Valley) (the "Issuer") in the case of email bids, at arteberryd@stifel.com, and in the case of electronic bids, through PARITY® until 11:00 a.m. applicable Central Time, on NOVEMBER 10, 2025 for the purchase of the above-referenced bonds (the "Bonds"). No bid of less than 100.00% of the principal amount of the Bonds and accrued interest thereon to the date of delivery will be considered. Bond Details. The Bonds will consist of fully registered bonds in the denomination of $5,000 or any integral multiple thereof. The Bonds will be dated December 3, 2025, and will become due on October 1 in the years as follows: Year Principal Year Principal Amount* Amount* 2027 $215,000 2037 $6,380,000 2028 715,000 2038 6,700,000 2029 2,580,000 2039 7,035,000 2030 -- 2040 7,385,000 2031 100,000 2041 7,755,000 2032 4,660,000 2042 8,145,000 2033 5,250,000 2043 8,550,000 2034 5,510,000 2044 8,980,000 2035 5,790,000 2045 9,425,000 2036 6,075,000 * Subject to change, see the Notice. The Bonds will bear interest from the date thereof at rates to be determined when the Bonds are sold as hereinafter provided, which interest will be payable semiannually on April 1 and October 1 in each year, beginning on April 1, 2026. Book-Entry-Only System. The Bonds shall be registered under a book-entry-only system administered through DTC. Paying Agent and Bond Registrar. Treasurer of the State of Kansas, Topeka, Kansas. Good Faith Deposit. Each bid shall be accompanied (in the manner set forth in the Notice) by a good faith deposit in the form of a cashier's or certified check drawn on a bank located in the United States of America or a wire transfer in Federal Reserve funds immediately available for use by the Issuer in the amount equal to 2% of the principal amount of the Bonds. Delivery. The Issuer will pay for preparation of the Bonds and will deliver the same properly prepared, executed and registered without cost to the successful bidder on or about December 3, 2025, to DTC for the account of the successful bidder. Assessed Valuation and Indebtedness. The Equalized Assessed Tangible Valuation for Computation of Bonded Debt Limitations for the year 2024 was $4,871,021,195. The total general obligation indebtedness of the Issuer as of the Dated Date, including the Bonds being sold, is $479,200,000. Approval of Bonds. The Bonds will be sold subject to the legal opinion of Gilmore & Bell, P.C., Kansas City, Missouri, Bond Counsel to the Issuer, whose approving legal opinion as to the validity of the Bonds will be furnished and paid for by the Issuer, printed on the Bonds and delivered to the successful bidder as and when the Bonds are delivered. Additional Information. Additional information regarding the Bonds may be obtained from the undersigned, or from Stifel, Nicolaus & Company, Incorporated at the addresses set forth below: DATED: October 23, 2025. Good Faith Deposit Delivery Address: Unified School District No. 229, Johnson County, State of Kansas (Blue Valley) 15020 Metcalf Overland Park, Kansas 66223 Attn: Jeremy McFadden, Chief Financial Officer Phone No. (913) 239-4206 Email: jdmcfadden@bluevalleyk12.org Municipal Advisor – Email Bid Address: Stifel, Nicolaus & Company, Inc. 4801 Main Street, Suite 530 Kansas City, Missouri 64112 Attn: David Arteberry Phone No.: (816) 203-8733 Email: arteberryd@stifel.com IPL0283289 Oct 23 2025