On June 27, 2024, AREX Capital Management, LP issued a presentation detailing the AREX Slate?s comprehensive plan to turn around Enhabit?s operational performance and reduce costs, which AREX believes could increase EBITDA by 50%. As a reminder, AREX encourages stockholders to vote for all 7 of its qualified nominees on its proxy card at the upcoming 2024 annual meeting of stockholders. AREX believes this is the only way to ensure that the Company has a Board of Directors with the right experience and skills to effectively oversee management and help them drive operational improvements that can lead to significant value creation for stockholders.