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|June 14, 2004 5:07 p.m.|
|Teva Announces a Two for One Stock Split|
Jerusalem, Israel,, June 14, 2004 - Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) announced today that the Board of Directors has approved a two for one stock split of the Company's Ordinary Shares/ADRs, which will be effected in the form of a 100% stock dividend. Each Ordinary Share/ADR will entitle its holder to one additional Ordinary Share/ADR. Shareholders of record at the close of business on June 24, 2004, will receive one additional Ordinary Share/ADR for each Ordinary Share/ADR held.