September 7, 2017
Teva Pharmaceutical Industries Ltd.
5 Basel Street
Petach Tikvah 4951033
Ladies and Gentlemen,
We refer to the
Registration Statement on Form S-8 (the Registration Statement) to be filed by Teva Pharmaceutical Industries Limited, a company organized under the laws of the State of Israel (the
Company or Teva), with the United States Securities and Exchange Commission under the United States Securities Act of 1933, as amended (the Act), relating to the proposed registration of
additional 70,000,000 ordinary shares, NIS 0.1 nominal (par) value each of the Company (Shares), including: (i) 65,000,000 Shares which may be issued pursuant to Tevas 2015 Long-Term Equity-Based Incentive Plan (the
Plan), as provided for therein, and (ii) 5,000,000 Shares being registered under Tevas 2008 Employee Stock Purchase Plan for U.S. Employees (the ESPP).
As Israeli counsel to the Company in connection with the registering of the Shares pursuant to the Registration Statement, we have examined
originals or copies, certified or otherwise identified to our satisfaction, of such corporate records, consents, resolutions, minutes and other documents
provided to us by the Company as we have deemed necessary or appropriate in order to enable us
to express the opinions hereinafter set forth. Insofar as the opinions expressed herein involve factual matters, we have relied exclusively (without independent factual investigation or verification) upon certificates of, and other communications
with, officers and employees of the Company and upon certificates of public officials.
In making the examination described above, we have
assumed the genuineness of all signatures, the capacity of natural persons, the authenticity and completeness of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified,
photostatic or facsimile copies, the authenticity of the originals of such documents and the legal capacity and due authenticity of all persons executing such documents. We have assumed the same to have been properly given and to be accurate, we
have assumed the truth of all facts communicated to us by the Company, and we have assumed that all consents, resolutions and minutes of meetings of the Companys board of directors, of committees thereof and of the shareholders which have been
provided to us are true and accurate and have been properly prepared in accordance with the Companys incorporation documents and all applicable laws.
Based upon the foregoing and in reliance thereon, we are of the opinion that all necessary corporate proceedings by the Company have been duly
taken to authorize the issuance of Shares pursuant to the Plan and the ESPP and the Shares, when, and if, issued and paid for (or deemed paid for) in accordance with the terms and conditions of the respective awards and the Plan or the ESPP, as
applicable, will be duly authorized, validly issued, fully paid and non-assessable.
expressed herein are limited to matters governed by the laws of the State of Israel, and we express no opinion with respect to the laws of any other country, state or jurisdiction or with respect to any matter governed by such laws. This opinion is
expressly limited to the matters set forth above, and we render no opinion, whether by implication or otherwise, to any other matters.
The opinions set forth herein are made as of the date hereof and are subject to, and may be limited by, future changes in the factual matters
set forth herein, and we undertake no duty to advise you of any such changes. The opinions expressed herein are based upon the law in effect (and published or otherwise generally available) on the date hereof, and we assume no obligation to revise
or supplement these opinions should such law be changed by legislative action, judicial decision or otherwise.
The opinions expressed
herein represent the judgment of this law firm as to the legal matters addressed herein but they are not guarantees or warranties as to how a court may rule on such matters and should not be construed as such.
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