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The Trustee has informed LabCorp that, as of this date, all custodians and beneficial holders of the Zero Coupon Notes hold the Zero Coupon Notes through Depository Trust Company (DTC) accounts and that there are no certificated Zero Coupon Notes in non-global form. Accordingly, all Zero Coupon Notes surrendered for conversion must be delivered through the transmittal procedures of DTC. Should Zero Coupon Notes be converted, LabCorp would be required to pay holders in cash for the accreted principal amount of the securities to be converted, with the remaining amount, if any, to be satisfied with shares of Common Stock. The shares required for settlement of the Zero Coupon Notes are included in LabCorps computation of fully diluted earnings per share. About LabCorp Laboratory Corporation of America Holdings( LH ), anS&P500 company, is the worlds leading healthcare diagnostics company, providing comprehensive clinical laboratory and end-to-end drug development services. With a mission to improve health and improve lives, LabCorp delivers world-class diagnostic solutions, brings innovative medicines to patients faster and develops technology-enabled solutions to change the way care is provided. With net revenue in excess of$8.5 billionin 2015, LabCorps 50,000 employees serve clients in 60 countries. To learn more about LabCorp, visit www.labcorp.com , and to learn more about Covance Drug Development, visit www.covance.com . This press release contains forward-looking statements including with respect to estimated 2016 guidance and the impact of various factors on operating results.
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