Encompass Health Corporation announced that it is amending its previously announced solicitation of consents (the "Consent Solicitation") from the holders of its 4.500% Senior Notes due 2028 (the "2028 Notes"), 4.750% Senior Notes due 2030 (the "2030 Notes") and 4.625% Senior Notes due 2031 (the "2031 Notes" and together with the 2028 Notes and the 2030 Notes, the "Notes") to certain proposed amendments (the "Proposed Amendments") described in the Consent Solicitation Statement, dated December 9, 2021 (as previously amended on December 16, 2021, January 12, 2022 and January 18, 2022, as amended hereby and as may be further amended or supplemented from time to time, the "Statement") to the indenture governing the Notes (the "Indenture"). The Company is modifying the terms of the Statement to provide for an aggregate consent payment of $16 million in respect of the 2028 Notes, an aggregate consent payment of $16 million in respect of the 2030 Notes and an aggregate consent payment of $8 million in respect of the 2031 Notes (each, an "Aggregate Consent Payment"). In the event that the Consent Effective Time (as defined in the Statement) for a series of Notes occurs, the Company will pay 50% of the applicable Aggregate Consent Payment for such series of Notes on the first business day after the expiration date for such series of Notes and 50% of the applicable Aggregate Consent Payment for such series of Notes on the Settlement Date (as defined in the Statement) (if any), in each case, for the benefit, on a pro rata basis, of each Holder of record of such series of Notes on the Record Date (as defined in the Statement) that has validly delivered a consent to the Proposed Amendments on or prior to the expiration date for such series of Notes and not validly revoked its consent.

The expiration time for the Consent Solicitation with respect to the Notes is 5:00 p.m., New York City time, on January 24, 2022, unless further extended or earlier terminated by the Company.