TOOTSIE ROLL INDUSTRIES INC

This report containsforward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Theseforward-looking statements include, but are not limited to, statements regarding the expected amount and timing of charges the Company expects to record as a result of the impairment of its deferred tax assets, as well as the events, circumstances and assumptions that underly these matters. Theseforward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this report. Actual performance and financial results may differ materially from projections and estimates expressed in theforward-looking statements because of many factors not anticipated by management, including the risk that the charges may be in excess of the estimated amounts or may occur in different fiscal periods than expected and other risk factors, including those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The Company undertakes no obligation to publicly revise theseforward-looking statements to reflect events or circumstances that arise after the date hereof, except as required under applicable law.