On June 10, 2024, Enhabit Inc announced that it has filed a definitive proxy statement with Securities and Exchange Commission, recommending the shareholders to vote for its board nominees Jeffrey W Bolton, Tina L Brown-Stevenson, Charles M Elson, Erin P Hoeflinger, Barbara A Jacobsmeyer, Susan A La Monica, Stuart M McGuigan, Gregory S Rush, Barry P Schochet, at the 2024 annual meeting of shareholders scheduled to be held on July 25, 2024. In addition, the Company stated that it has engaged with AREX extensively since our infancy as a public company and have accommodated their requests for discussions with both management and members of the Board. To date, AREX Capital Management, LP has not indicated any willingness to entertain a reasonable settlement offer that does not include delivering to its control of the Board, and the Company remains open to a constructive resolution of the proxy contest in a manner that does not destabilize the business.