Title of Series	Issuer	CUSIP Numbers
9.00% Senior Notes due 2025	Bausch Health Companies Inc.	91911KAP7 / C94143AM3
9.25% Senior Notes due 2026	Bausch Health Americas, Inc.	91911XAV6 / U9098VAN2
8.50% Senior Notes due 2027	Bausch Health Americas, Inc.	91911XAW4 / U9098VAP7
5.00% Senior Notes due 2028	Bausch Health Companies Inc.	071734AH0 / C07885AD5
7.00% Senior Notes due 2028	Bausch Health Companies Inc.	071734AD9 / C07885AB9
5.00% Senior Notes due 2029	Bausch Health Companies Inc.	071734AM9 / C07885AH6
6.25% Senior Notes due 2029	Bausch Health Companies Inc.	071734AK3 / C07885AF0
7.25% Senior Notes due 2029	Bausch Health Companies Inc.	071734AF4 / C07885AC7
5.25% Senior Notes due 2030	Bausch Health Companies Inc.	071734AJ6 / C07885AE3
5.25% Senior Notes due 2031	Bausch Health Companies Inc.	071734AL1 / C07885AG8

The transaction will be available only to the following holders of Existing Senior Notes (collectively, “Eligible Holders”):
(a) persons who are reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") that are also “qualified purchasers” (as defined in Section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended) in a transaction not involving a public offering, pursuant to Section 4(a)(2) of the Securities Act, or
(b) persons other than “U.S. persons” as defined in Regulation S, outside of the United States, and who are otherwise in compliance with the requirements of Regulation S;
provided that, in each case, if such holder
(i) is resident in Canada, such holder is required to complete, sign and submit to the Information Agent a “Canadian Holder Form”, which may be obtained from the Information Agent, or
(ii) is in the European Economic Area or the United Kingdom, such holder is not a “retail investor”.

To receive further information, please complete the attached eligibility letter and return it to D.F. King & Co., Inc., as information agent (the “Information Agent”), at the address set forth therein.

PLEASE RESPOND NO LATER THAN 11:59 P.M., NEW YORK CITY TIME, ON SEPTEMBER 27, 2022.

  I am an "Eligible Holder"

  I am not an "Eligible Holder"