Company: STAA
Filing Date: 2025-10-02
Form Type: DFAN14A
Source: 0001213900-25-095514
Chunk: 42

Company: STAAR SURGICAL CO
Filing Date: 2025-10-02
Form: DFAN14A
Chunk 42
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 TSR of Target Prior to Unaffected Date 1 STAAR’s Pre - Deal Trading and Expected Growth Should Have Inspired a Higher Premium 58 5 Alcon’s offer came when STAAR was trading near multi - year lows; we believe the Company deserved a higher premium ▪ STAAR’s total stockholder return during the one - year period prior to the announcement of the Proposed Merger was - 53%, compared to a median of 1% for all - cash deals announced over the last ten years 1 ▪ While the Company has touted the magnitude of the transaction premium, 2 precedent demonstrates that a company trading near multi - year lows, like STAAR, should garner a higher premium 1 Source: FactSet. 1. Data includes all all - cash acquisitions of U.S. public companies announced from January 1, 2015 to September 15, 2025. Premia re fers to premia to the unaffected price. 2. Source: STAAR Letter to Stockholders, September 16, 2025. 51% 64% Proposed Merger All Targets with < -40% TSR Prior to Unaffected Date¹ Comparison of Premia 23% 25% 33% 47% 64% Median Premia of All Transactions: 33% 20% to 40% 0% to 20% 0% to -20% -20% to -40% < -40% STAAR is in this group

Broadwood Partners, L.P. CY 2025E – 2027E Revenue CAGR vs. EV / CY 2027E Revenue Multiple 1 STAAR’s Expected Growth Should Have Led to a Higher Multiple 59 5 STAAR’s expected growth supports a significantly higher trading multiple, and therefore a much higher premium 1. Source: FactSet. Data as of September 23, 2025. 2. STAAR 2025E and 2027E Revenue based on management projections as disclosed in STAAR proxy statement on Form DEFM14A, filed wi th the SEC on September 16, 2025 at 61. STAAR enterprise value based on implied equity value at $28 per share and STAAR’s cash a nd fully diluted shares outstanding and cash as of the period ended June 27, 2025. ▪ The Proposed Merger values STAAR at just 3.4x management’s projected 2027 revenue ▪ However, based on management