On February 1, 2024, Stericycle, Inc. (the Company") issued a notice (the Redemption Notice") to holders of the Company's 5.375% Senior Notes due 2024 (the Notes") calling for redemption (the Redemption") of all of the $600,000,000 aggregate principal amount of the outstanding Notes. On March 14, 2024 (the Redemption Date"), noteholders will be entitled to receive, with respect to the Notes held by such noteholder, 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the Redemption Date (collectively, the Redemption Amount"). Noteholders must surrender their Notes to U.S. Bank Trust Company, National Association, as paying agent, to collect the Redemption Amount.

Noteholders may not decline to have their Notes redeemed pursuant to the Redemption. The Company will finance the redemption through available capacity on revolving credit facility. The Notes, and the terms of the Redemption, are governed by an indenture, dated as of June 14, 2019, between the Company, the guarantors named therein, and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the Indenture").