Broadwood Partners Issues Open Letter to STAAR Surgical Board Pledging Cooperation and Support When Vote on Alcon Transaction Fails

Broadwood Partners, L.P. and its affiliates (collectively, “Broadwood”) today issued the following letter to the Board of Directors (the “Board”) of STAAR Surgical Company (“STAAR” or the “Company”) (NASDAQ: STAA). Broadwood, which owns 30.2% of STAAR’s outstanding common stock, continues to urge its fellow shareholders to vote “AGAINST” the proposed acquisition of STAAR by Alcon Inc. (“Alcon”) (NYSE: ALC).

Shareholders can find additional information at www.LetSTAARShine.com.

December 17, 2025

STAAR Surgical Company
25510 Commercentre Dr.
Lake Forest, CA 92630

Dear Members of the Board:

Since the announcement of STAAR’s proposed sale to Alcon in August, we have been engaged in a spirited debate with you over the Company’s prospects and the merits of the proposed deal. As you know, we have felt from the start that this transaction materially undervalues STAAR and was the product of a deeply flawed process undertaken at the wrong time in STAAR’s history.

As we approach the thrice-delayed special meeting of shareholders, we are confident our fellow shareholders will agree with us and reject this ill-advised transaction. Several large shareholders, all three proxy advisory firms and at least one of the Company’s own directors have rightly expressed great skepticism about the process, timing and price of the proposed deal.

Soon, it will be your task to govern STAAR in the post-transaction era. We write to express our continued support for the Company, its products and its opportunity. For more than thirty years, Broadwood has been an engaged and constructive shareholder, providing both equity and debt capital when needed, purchasing its shares in the open market at times when they have been cheap, and advising when and as asked. We pledge to continue to do so when the Company turns the page on this latest chapter. As we have said before, we believe the Company needs new leadership and several new directors that have the confidence of shareholders. We would welcome the opportunity to work with other shareholders and you to ensure that transition of key leaders occurs seamlessly.

As you also know, the only option available to shareholders in the near term to improve the Board is to call a special meeting to remove some directors, since your bylaws do not allow shareholders to do anything else. We cannot, for example, put forward director candidates for shareholders to elect until the next Annual Meeting, whenever that may be. But the best way to turn the page would be for the Board to work with shareholders to immediately make the changes that are needed to restore its credibility and alignment with shareholders.