Company: STAA
Filing Date: 2025-11-04
Form Type: DFAN14A
Source: 0001104659-25-105834
Chunk: 13

Company: STAAR SURGICAL CO
Filing Date: 2025-11-04
Form: DFAN14A
Chunk 13
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 9.8 IMDX / Oncocyte (130%) 4.0 Asterias Frequently holds positions for a long period; 3 / 6 current positions have been held for 15+ years All companies that have become activist targets of Broadwood have underperformed the S&P 500 since Broadwood’s initial investment 2 Source: FactSet, public filings; market data as of October 28, 2025 1. Broadwood’s investment returns are not public 2. Investment Duration and Total Shareholder Return are calculated from (1) entry date as the earliest quarter - end in which Broadwo od Capital, Inc. or Broadwood Partners, L.P. reported holdings via SEC Form 13F and (2) exit date as either the quarter - end in which Broadwood Capit al, Inc. or Broadwood Partners, L.P. reported an exit via SEC Form 13F filings or the end of public trading for the Company

17 Current valuation reflects reality Activist stockholders a re engineering a silent takeover Merger is best option for stockholders

18 Proposed Alcon transaction represents an attractive premium across multiple measures ALC Offer 90 - Day VWAP 1 $ 28 $ 18 ALC Offer Median Comp Transaction 3 51% 26% ALC Offer Median Sellside Target 2 $ 19 $ 28 59% premium to 90 - Day VWAP 47% premium to Median Price Target 2x Median Premium Paid Source: Bloomberg, public filings 1. Based on 90 - day VWAP for period ending August 4, 2025, which was the day before announcement. 2. Based on available brokers with current price targets as of August 1, 2025. 3. Comparable transactions based on U.S. cash - only MedTech deals announced since 2015 with deal value above $500mm. Transaction represents significant premium to STAAR stock price and is higher than precedent transactions:

19 Proposed Alcon transaction is at the high end of comparable ophthalmology transactions 4.9 6.0 3.5 3.7 3.9 5.4 Target Acquirer Date AV ($Bn) AV / LTM Sales Fwd Sales Growth Dec ‘23 Jul ‘21 Apr ‘19 Sep ‘16 Jul ‘16 1.17 0.3 0.5 4.3 0.5 4.9x 6.0x 3.5