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Taro to Report 2nd Quarter 2004 Results and Conduct Conference Call On July 29, 2004

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HAWTHORNE, N.Y., July 27, 2004 (PRIMEZONE) -- Taro Pharmaceutical Industries Ltd. (Nasdaq:TARO) intends to report financial results for the second quarter of 2004 prior to the Nasdaq market opening on Thursday, July 29, 2004. The Company will conduct a conference call to discuss the results on the same day at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time).

The conference call will be hosted by Barrie Levitt, M.D., Chairman of the Company, who will review the quarter along with Kevin Connelly, Chief Financial Officer, and Daniel Saks, Vice President, Corporate Affairs. The call will be available live via the Internet by accessing www.taro.com.

Online and telephone replays of the call will be available from approximately 1:00 p.m. on July 29th through August 5, 2004. The online replay can be accessed at www.taro.com. The telephone replay can be heard by dialing 1-800-428-6051 (domestic U.S.) or +973-709-2089 (international) and providing the passcode 365748 when prompted.

Taro is a multinational, science-based pharmaceutical company dedicated to meeting the needs of its customers through the discovery, development, manufacturing and marketing of the highest quality healthcare products.

For more information on Taro, please visit www.taro.com. 

CONTACT:  Taro Pharmaceutical Industries Ltd.
          Daniel Saks     
          Vice President, Corporate Affairs    
          (914) 345-9000, Ext. 6208

          Kevin Connelly 
          Chief Financial Officer
          (914) 345-9000, Ext. 6338
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