Taro Shareholder Value Creation and Strategic Overview

22 Taro Summary Overview TARO Shareholder value creation ■ NYSE Listed in 2012 □ Special Dividend: $500 million ($12.86/share) Share Repurchases: ■ 2013 Dutch Tender: 2.0M shares ($193M) ■ 2016 10b5-1: 1.8M shares ($250M) ■ 2019 10b5-1: 2.5M shares ($250M) ■■2019 Dutch Tender: 281K shares ($25M) ■2021 10b5-1; 673K shares ($50M) ☐ Cash and cash equivalents (including bank deposits and short-term/long-term marketable securities) □ $1.3 billion ☐ Company well positioned for medium & long-term performance

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