NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA MEDICAL CARE COMMISSION REGARDING THE FINANCING OF HEALTH CARE FACILITIES IMPROVEMENTS WITH THE PROCEEDS OF THE ISSUANCE OF TAX-EXEMPT BONDS NOTICE IS HEREBY GIVEN to all interested persons that the North Carolina Medical Care Commission (the "Commission") has been requested by Deerfield Episcopal Retirement Community, Incorporated (the "Corporation") to issue one or more series of its tax-exempt revenue bonds (the "Bonds") in an aggregate principal amount not to exceed $395,000,000 for the purpose of providing funds, together with any other available funds, to (a) pay or reimburse the costs of acquiring, constructing, renovating, expanding and equipping various improvements to the continuing care retirement community of the Corporation located in Asheville, North Carolina, including, without limitation, the (i) renovation, expansion and equipping of the existing healthcare building to add 12 new skilled nursing units and 12 new memory care units, (ii) renovation, expansion and equipping of existing Haden Hall for common area, fitness, art studios, wellness, clinic, physical therapy, multipurpose, staff and administrative improvements and addition of 10 new assisted living units and related dining facilities, (iii) renovation, expansion and equipping of a new community center including new dining, library, common, administrative and meeting facilities, (iv) construction and equipping of a new 69-unit independent living apartment building and new independent living hybrid buildings with 96 new units, (v) construction and equipping of a new outdoor activity center and walking trails and (vi) related site, landscape, corridor and parking improvements (collectively, the "2026 Project"), (b) pay interest accruing on the Bonds during construction of the 2026 Project, (c) fund debt service reserve funds, if necessary, and (d) pay certain fees and expenses incurred in connection with the sale and issuance of the Bonds. The 2026 Project will be owned and operated by the Corporation and is located at or near the vicinity of 1617 Hendersonville Road in Asheville, North Carolina. Please take notice that the Assistant Secretary of the Commission will hold a public hearing in Conference Room L2-02210 of the North Carolina Department of Health and Human Services located at 1915 Health Services Way in Raleigh, North Carolina on November 21, 2025 at 1:00 p.m. at which time any person may be heard regarding the issuance of the Bonds. Any person wishing to comment in writing on the issuance of the Bonds should do so within seven (7) days after the date of publication of this notice to Geary W. Knapp, Assistant Secretary, North Carolina Medical Care Commission, 1915 Health Services Way, Raleigh, North Carolina 27607. NORTH CAROLINA MEDICAL CARE COMMISSION By: Geary W. Knapp Assistant Secretary IPL0289739 Nov 14 2025