E. Main St. Warsaw, IN 46580 www.zimmerbiomet.com Media Investors Meredith Weissman Keri Mattox (703) 346-3127 (215) 275-2431 meredith.weissman@zimmerbiomet.com keri.mattox@zimmerbiomet.com Ezgi Yagci (617) 549-2443 ezgi

Zimmer Biomet Announces Early Results and Upsize of its Tender Offers for Certain Outstanding Debt

(WARSAW, IN) November 30, 2021 Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) (the Company ) today announced

early results of the previously announced tender offers (collectively, the Tender Offers and each a Tender Offer ) to purchase for cash (i) any and all of its 3.700% Senior Notes due 2023 (the Any and All

Notes ) and (ii) up to the aggregate purchase price set forth below (excluding accrued and unpaid interest up to, but not including, the applicable Settlement Date (as defined below) and excluding fees and expenses related to the Tender

Offers) (the Aggregate Maximum Purchase Price ) of its 3.550% Senior Notes due 2025, 3.550% Senior Notes due 2030, 4.450% Senior Notes due 2045, 3.050% Senior Notes due 2026, 4.250% Senior Notes due 2035 and 5.750% Senior Notes due 2039,

subject to the tender caps, if applicable, the acceptance priority levels (the Acceptance Priority Levels ) noted in the second table below and proration procedures, if applicable (collectively, the Maximum Tender Offer Notes,

and together with the Any and All Notes, the Securities ).

The Company also announced an increase in the Aggregate Maximum Purchase Price from

$1.5 billion to an amount sufficient to purchase all of the Maximum Tender Offer Notes at Acceptance Priority Levels 1 through 2, as set forth in the second table below, that were validly tendered and not validly withdrawn prior to the Early

Tender Date (as defined below). Because all Maximum Tender Offer Notes at Acceptance Priority Levels 1 through 2 that were validly tendered and not validly withdrawn prior to the Early Tender Date will be accepted for purchase by the Company, no

proration procedures will be required. No Maximum Tender Offer Notes at Acceptance Priority Levels 3 through 6, as set forth in the second table below, will be accepted for purchase.

Approximately $211.48 million in aggregate principal amount of Any and All Notes were validly tendered and not validly withdrawn prior to the Early

Tender Date and will be accepted for purchase on the Early Settlement Date (as defined below).

The terms of the Tender Offers are described in the Offer

to Purchase, dated November 15, 2021 (the Offer to Purchase ), as amended by this press release.

Any and All of the Any

and All Notes Listed Below

Up to the Aggregate Maximum Purchase Price(1)

for the Outstanding Maximum Tender Offer Notes in the Priority Listed Below (the Maximum Tender Offers )

The Tender Offers are being made upon, and are subject to, the terms and conditions set forth in the Offer

to Purchase, as amended herein. Tenders of Securities may no longer be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law.

Because the Company amended the Aggregate Maximum Purchase Price from $1.5 billion to an amount equal to the aggregate purchase price necessary to

purchase all of Maximum Tender Offer Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on November 29, 2021 (the Early Tender Date ) at Acceptance Priority Levels 1 through 2, only holders who

validly tendered Maximum Tender Offer Notes at Acceptance Priority Levels 1 through 2 prior to the Early Tender Date will have their Maximum Tender Offer Notes accepted for purchase. No Maximum Tender Offer Notes will be accepted for purchase

after the Early Tender Date.

The Tender Offers will expire at 11:59 p.m. New York City time, on December 13, 2021, unless extended or earlier

terminated by the Company (the Expiration Date ). Holders of Any and All Notes may still tender their Any and All Notes for purchase prior to the Expiration Date. Holders of Any and All Notes tendered after the Early Tender Date and prior

to the Expiration Date are not eligible to receive the Early Tender Payment (as defined below).

The consideration paid in each Tender Offer for

Securities that are validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such Securities plus the applicable yield to maturity of the

applicable U.S. Treasury Reference Security specified in the Offer to Purchase (the Total Consideration ). Holders of Securities that were validly tendered and not withdrawn prior to 5:00 p.m., New York City time, on the Early Tender Date

and accepted for purchase will receive the applicable Total Consideration, which includes an early tender payment as set forth in the Offer to Purchase (the Early Tender Payment ). The Total Consideration will be determined at 10:00 a.m.,

New York City time, today, November 30, 2021 (the Price Determination Date ), unless extended by the Company. Holders of Any and All Notes who validly tender their Securities after the Early Tender Date but prior to the Expiration

Date are only eligible to receive the applicable Tender Offer Consideration, which is an amount equal to the applicable Total Consideration minus the applicable Early Tender Payment.

Payment for Securities purchased will include accrued and unpaid interest from the applicable last interest payment date for the relevant series of Securities

up to, but not including, the applicable Settlement Date for such Securities accepted for purchase.

The Company plans to have an early settlement. The

settlement date for the Securities that were validly tendered prior to the Early Tender Date and accepted for purchase is expected to be December 1, 2021, the second business day after the Early Tender Date (the Early Settlement

Date ). The settlement date for Any and All Notes that are validly tendered and accepted for purchase after the Early Tender Date but prior to the Expiration Date is expected to be December 15, 2021, the second business day after the

Expiration Date (the Final Settlement Date, and each of the Early Settlement Date and the Final Settlement Date is referred to as a Settlement Date ).

The Company confirms that the financing condition contained in the Offer to Purchase has been satisfied. The Company reserves the right, subject to applicable

law, to (i) waive any and all conditions to any of the Tender Offers; (ii) extend or terminate any of the Tender Offers; (iii) increase or decrease the Aggregate Maximum Purchase Price; or (iv) otherwise amend any of the Tender

Offers in any respect.

Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are acting as the lead dealer managers

for the Tender Offers (the Lead Dealer Managers ), Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are acting as the dealer managers (the Dealer Managers ), and BNP Paribas Securities Corp., BofA Securities,

Inc., DNB Markets, Inc., HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. are acting as the co-dealer managers (the

Co-Dealer Managers ). The information agent and tender agent is D.F. King & Co., Inc. Copies of the Offer to Purchase and related offering materials are available by contacting D.F.

King & Co., Inc. by telephone at (212) 269-5550 (for banks and brokers only) or (800) 859-8509 (for all others toll-free) or via email at zbh@dfking.com.

Questions regarding the Tender Offers should be directed to Barclays Capital Inc. by telephone at (800) 438-3242 (toll-free) or (212) 528-7581 (collect) or via email at

us.lm@barclays.com, Citigroup Global Markets Inc. by telephone at (800) 558-3745 (toll-free) or (212) 723-6106 (collect) or via email at ny.liabilitymanagement@citi.com

or Goldman Sachs & Co. LLC by telephone at (800) 828-3182 (toll-free) or (212) 902- 5962 (collect). This press release shall not constitute an offer to sell, a solicitation to buy or an offer to

purchase or sell any securities. The Tender Offers are being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law.

Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. Zimmer

Biomet seamlessly transforms the patient experience through its innovative products and suite of integrated digital and robotic technologies that leverage data, data analytics and artificial intelligence.

With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and

providers. Zimmer Biomet s legacy continues to come to life today through its progressive culture of evolution and innovation.

information about Zimmer Biomet s product portfolio, its operations in 25+ countries and sales in 100+ countries or about joining its team, visit www.zimmerbiomet.com or follow Zimmer Biomet on Twitter

at www.twitter.com/zimmerbiomet.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of

1995 regarding the cash tender offers for certain outstanding senior notes of Zimmer Biomet. Forward-looking statements may be identified by the use of forward-looking terms such as may,

will, expects, believes, anticipates, plans, estimates, projects, assumes, guides, targets, forecasts, and

seeks or the negatives of such terms or other variations on such terms or comparable terminology. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties

that could cause actual outcomes and results to differ materially. For a list and description of some of such risks and uncertainties, see Zimmer Biomet s periodic reports filed with the Securities and Exchange Commission (the SEC ).

These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Zimmer Biomet s filings with the SEC. Zimmer Biomet disclaims any intention or obligation to update

or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be set forth in its periodic reports. Accordingly, such forward-looking statements

speak only as of the date made. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since, while management believes the assumptions on which the

forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press