THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Tootsie Roll Industries, Inc. (TR)

3/24/2006 Proxy Information

Melvin J. Gordon and Ellen R. Gordon are husband and wife.

The Company directs the majority of its charitable giving through a foundation in which Mr. and Mrs. Gordon are the sole directors. The foundation supports a number of medical research, educational and other charitable organizations principally located in cities where the Company has operations, as well as a matching gifts program for employees of the Company. The Company believes, due to the well-known and long-standing affiliation of Mr. and Mrs. Gordon with the Company, that any private or public recognition of them, which donee institutions sometimes give, provides a benefit to the Company. In 2005 the Board of Directors approved a donation of $900,000 to the foundation, which is generally consistent with amounts given in prior years.

3/24/2005 Proxy Information

Melvin J. Gordon and Ellen R. Gordon are husband and wife. The Company directs the majority of its charitable giving through a foundation in which Mr. and Mrs. Gordon are the sole directors. The foundation supports a number of medical research, educational and other charitable organizations principally located in cities where the Company has operations, as well as a matching gifts program for employees of the Company. The Company believes, due to the well-known and long-standing affiliation of Mr. and Mrs. Gordon with the Company, that any private or public recognition of them, which donee institutions sometimes give, provides a benefit to the Company. In 2004 the Board of Directors approved a donation of $950,000 to the foundation, which is generally consistent with amounts given in prior years.

Mr. Barre A. Seibert is the son of Mr. Charles W. Seibert.

3/26/2004 Proxy Information

Melvin J. Gordon and Ellen R. Gordon are husband and wife.

The Company directs the majority of its charitable giving through a foundation in which Mr. and Mrs. Gordon are the sole directors. The foundation supports a number of medical research, educational and other charitable organizations principally located in cities where the Company has operations, as well as a matching gifts program for employees of the Company. The Company believes, due to the well-known and long-standing affiliation of Mr. and Mrs. Gordon with the Company, that any private or public recognition of them, which donee institutions sometimes give, provides a benefit to the Company. In 2003 the Board of Directors approved a donation of $975,000 to the foundation, which is generally consistent with amounts given in prior years.

Barry J. Fitzpatrick was President and Chief Executive Officer of Branch Banking and Trust Company-VA from July 2003 until February 2004 and Chairman, President and Chief Executive Officer of First Virginia from 1995 to July 2003.

3/26/2003 Proxy Information

Melvin J. Gordon and Ellen R. Gordon are husband and wife.

The Company directs the majority of its charitable giving through a foundation in which Mr. and Mrs. Gordon are the sole directors. The foundation supports a number of medical research, educational and other charitable organizations principally located in cities where the Company has operations, as well as a matching gifts program for employees of the Company. The Company believes, due to the well-known and long-standing affiliation of Mr. and Mrs. Gordon with the Company, that any private or public recognition of them, which donee institutions sometimes give, provides a benefit to the Company. In 2002 the Board of Directors approved a donation of $1,025,000 to the foundation, which is generally consistent with amounts given in prior years.

Mr. and Mrs. Gordon utilize a corporate apartment in connection with their conduct of Company business, the cost of which was approximately $70,000 in 2002.