LabStyle Innovations Corp.

LabStyle Innovations Corp.

9 Halamish Street, P.O.B. 3052

Caesarea Industrial Park

To the Stockholders of LabStyle Innovations

LabStyle Innovations Corp. (the "Company")

is pleased to send you the enclosed notice of the 2015 Annual Meeting of Stockholders of the Company (the "Meeting")

to be held at 11:00 a.m. on Monday, June 15, 2015, at the law offices of Zysman, Aharoni, Gayer and Sullivan & Worcester LLP,

1633 Broadway, 32nd Floor, New York, New York 10019.

The items of business for the Meeting are

listed in the following Notice of Annual Meeting of Stockholders and are more fully addressed in the attached Proxy Statement.

Please review in detail each of the Notice of Annual Meeting of Stockholders and the Proxy Statement, which are first being mailed

to stockholders of the Company on or about May 15, 2015. Also enclosed for your review is the Company's Annual Report on

Form 10-K for our fiscal year ended December 31, 2014.

The Notice of Annual Meeting of Stockholders

and Proxy Statement are also available on the Company's website at http://mydario.investorroom.com/ and on the Securities

and Exchange Commission's website at www.sec.gov. Copies of the Notice of Annual Meeting of Stockholders and Proxy Statement

may also be obtained without charge by writing to Zvi Ben-David, Chief Financial Officer, LabStyle Innovations Corp., 9 Halamish

Street, P.O.B. 3052, Caesarea Industrial Park, 38900, Israel.

Your vote is very important to us and

to our stockholders-please date, sign and return your proxy card in the enclosed envelope or vote online as soon as possible

to ensure that your shares will be represented and voted at the Meeting even if you cannot attend. If you attend the Meeting,

you may vote your shares in person even though you have previously signed and returned your proxy.

WHETHER OR NOT YOU EXPECT TO ATTEND THE

MEETING, PLEASE COMPLETE THE ENCLOSED PROXY CARD AND PROMPTLY MAIL IT IN THE ENCLOSED ENVELOPE OR VOTE ONLINE IN ORDER TO ASSURE

REPRESENTATION OF YOUR SHARES AT THE MEETING. YOUR PROXY, GIVEN THROUGH THE RETURN OF THE PROXY CARD, MAY BE REVOKED PRIOR

TO ITS EXERCISE BY FILING WITH OUR CORPORATE SECRETARY PRIOR TO THE MEETING A WRITTEN NOTICE OF REVOCATION OR A DULY EXECUTED PROXY

BEARING A LATER DATE, OR BY ATTENDING THE MEETING AND VOTING IN PERSON.

IF YOU HAVE ALREADY VOTED OR DELIVERED

YOUR PROXY FOR THE MEETING, YOUR VOTE WILL BE COUNTED, AND YOU DO NOT HAVE TO VOTE YOUR SHARES AGAIN. IF YOU WISH TO CHANGE YOUR

VOTE, YOU SHOULD REVOTE YOUR SHARES.

THE PROXY STATEMENT, OUR FORM OF PROXY

CARD, OUR QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERS ENDED MARCH 31, 2014, JUNE 30, 2014 AND SEPTEMBER 30, 2014, AND OUR ANNUAL

REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2014 ARE AVAILABLE ON THE INTERNET AT: http://mydario.investorroom.com/SECFilings

OR AT THE SEC'S WEBSITE AT HTTP://WWW.SEC.GOV.

LabStyle Innovations Corp.

9 Halamish Street, P.O.B. 3052

Caesarea Industrial Park

OF ANNUAL MEETING OF STOCKHOLDERS

To be held on June 15, 2015

The 2015 Annual Meeting of Stockholders

(the "Meeting") of LabStyle Innovations Corp. (the "Company") will be held at 11:00 a.m.

on Monday, June 15, 2015, at the law offices of Zysman, Aharoni, Gayer and Sullivan & Worcester LLP, 1633 Broadway, 32nd Floor,

New York, New York 10019, for the following purposes:

The Board unanimously

recommends a vote "FOR" the approval of each of the proposals to be submitted at the Meeting.

Stockholders of record of our Common Stock

at the close of business on May 11, 2015 (the "Record Date") will be entitled to notice of, and are cordially

invited to, attend this Meeting and to attend any adjournment or postponement thereof. However, to assure your representation

at the Meeting, please complete and sign the enclosed proxy card and return it promptly or vote online as described herein.

Even if you have previously submitted a proxy card, you may choose to vote in person at the Meeting. Whether or not you expect

to attend the Meeting, please read the attached Proxy Statement and then promptly complete, date, sign and return the enclosed

proxy card in order to ensure your representation at the Meeting.

If you hold your shares through a brokerage

firm, you may cast your vote by visiting www.proxyvote.com. If you are a registered stockholder, you may cast your vote

by visiting www.vstocktransfer.com/proxy. You may also have access to the materials for the Meeting by visiting the

website: http://mydario.com/.

of Common Stock entitles the holder thereof to one vote. Additionally, holders of our Series A convertible preferred stock

vote with the Common Stock as a single class on all matters for which our stockholders may vote or

act on an as-if-converted-to-Common Stock basis. A complete list of stockholders of record entitled to vote at this Meeting will

be available for ten days before this Meeting at the principal executive office of the Company for inspection by stockholders during

ordinary business hours for any purpose germane to this Meeting.

You are urged to review carefully the information

contained in the enclosed proxy statement prior to deciding how to vote your shares.

enclosed proxy statement are first being mailed to stockholders on or about May 15, 2015.

IF YOU RETURN YOUR PROXY CARD WITHOUT AN INDICATION OF HOW

YOU WISH TO VOTE, YOUR SHARES WILL BE VOTED IN FAVOR OF EACH OF THE PROPOSALS.

LABSTYLE INNOVATIONS CORP.

ANNUAL MEETING OF STOCKHOLDERS

to be held at 11:00 a.m. on June 15,

Zysman, Aharoni, Gayer and Sullivan &

1633 Broadway, 32nd Floor

New York, New York 10019

QUESTIONS AND ANSWERS ABOUT THESE PROXY

Why am I receiving this Proxy Statement?

This Proxy Statement describes the proposals

on which our Board would like you, as a stockholder, to vote at our 2015 Annual Meeting of the Stockholders, which will take place

at 11:00 a.m. on Monday, June 15, 2015, at the law offices of Zysman, Aharoni, Gayer and Sullivan & Worcester LLP, 1633 Broadway,

32nd Floor, New York, New York 10019.

This Proxy Statement also gives you information

on these proposals so that you can make an informed decision. We intend to mail this Proxy Statement and accompanying proxy card

on or about May 15, 2015, to all stockholders of record entitled to vote at the Meeting.

In this proxy statement, we refer to Labstyle

Innovations Corp. as the "Company", "we", "us" or "our" or similar terminology.

Who can vote at the annual meeting of stockholders?

who owned shares of our common stock, par value $0.0001 per share ("Common Stock") and shares of our Series

A convertible preferred stock, par value $0.0001 per share ("Series A Preferred"), on May 11, 2015 (the "Record

Date") may attend and vote at the Meeting. There were 30,108,131 shares of Common Stock outstanding on the Record Date.

There were 35,600 shares of Series A Preferred outstanding on the Record Date which are convertible into 8,980,832 shares of Common

Stock and which vote with the Common Stock as a single class on all matters for which our

stockholders may vote or act on an as-if-converted-to-Common Stock basis. All shares of Common Stock (including Series A Preferred

as if converted to Common Stock) have one vote per share and vote together as a single class. Information about the stockholdings

of our directors and executive officers is contained in the section of this Proxy Statement entitled "Beneficial Ownership

of Principal Stockholders, Officers and Directors" on page 36 of this Proxy Statement.

What is the proxy card?

The proxy card enables you to appoint Erez

Raphael, our President and Chief Executive Officer, and/or Zvi Ben-David, our Secretary, Treasurer and Chief Financial Officer,