We Anticipate Pricing the Week of August 26, 2019, the Following TAX-EXEMPT Bonds: $34,085,000* 319017 City of Bozeman, Montana General Obligation Bonds Series 2019 The City's bonds will finance the construction of a new public safety center Interest on the bonds will be free from federal and Montana income taxes.** These bonds are rated Aa1 by Moody's Investors Service This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. Any offer to sell will be made only pursuant to the final official statement. For a preliminary official statement and more information, please call: Bozeman, Montana (406) 586-1385 Billings, Montana (406) 252-2447 Great Falls, Montana (406) 761-3500 Kalispell, Montana (406) 755-9400 STIFEL Preliminary; subject to change* For a complete discussion of tax matters, please see the preliminary official statement Stifel, Nicolaus & Company, Incorporated Member SIPC & NYSE We Anticipate Pricing the Week of August 26, 2019, the Following TAX-EXEMPT Bonds: $34,085,000* 319017 City of Bozeman, Montana General Obligation Bonds Series 2019 The City's bonds will finance the construction of a new public safety center Interest on the bonds will be free from federal and Montana income taxes.** These bonds are rated Aa1 by Moody's Investors Service This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. Any offer to sell will be made only pursuant to the final official statement. For a preliminary official statement and more information, please call: Bozeman, Montana (406) 586-1385 Billings, Montana (406) 252-2447 Great Falls, Montana (406) 761-3500 Kalispell, Montana (406) 755-9400 STIFEL Preliminary; subject to change* For a complete discussion of tax matters, please see the preliminary official statement Stifel, Nicolaus & Company, Incorporated Member SIPC & NYSE