NOTICE OF DEFEASANCE OF ALL OR A PORTION OF CERTAIN MATURITIES OF THE OUTSTANDING NEW JERSEY TURNPIKE AUTHORITY TURNPIKE REVENUE BONDS, SERIES 2012 B

NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2012 B, more fully described in the following chart (collectively, the "Refunded Bonds"), of the New Jersey Turnpike Authority (the "Authority") that, pursuant to Section 1201 of the Authority's Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (collectively, the "Resolution"), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the "Escrow Agent"), pursuant to an Escrow Deposit Agreement, dated February 4, 2021, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the interest on and the principal or redemption price of the Refunded Bonds coming due on and prior to their redemption date of January 1, 2023.

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