Luxottica Group, S.p.A. (LUX)

Credit Facilities—

As of December 31, 2004 and 2005 Luxottica Group had unused short-term lines of credit of approximately Euro 365.8 million and Euro 457.2 million, respectively.

The Company and its wholly-owned Italian subsidiary Luxottica S.r.l. maintain unsecured lines of credit with primary banks for an aggregate maximum credit of Euro 490.9 million. These lines of credit are renewable annually, can be cancelled at short notice and have no commitment fees. At December 31, 2005, these credit lines were utilized for Euro 144.3 million.

US Holdings maintains four unsecured lines of credit with four separate banks for an aggregate maximum credit of Euro 108.1 million (US Dollar 128 million). These lines of credit are renewable annually, can be cancelled at short notice and have no commitment fees.

At December 31, 2005, there were no amounts outstanding and Euro 37.2 million in aggregate face amount of standby letters of credit outstanding under these lines of credit (see below).

The blended average interest rate on these lines of credit is approximately LIBOR plus 0.25 percent.

Credit Facilities—

As of December 31, 2003 and 2004 Luxottica Group had unused short-term lines of credit of approximately Euro 271.8 million and Euro 365.8 million, respectively.

These lines of credit are renewed annually and are guaranteed by the Company. At December 31, 2004, there were Euro 5.2 million of borrowings outstanding and Euro 29.0 million in aggregate face amount of standby letters of credit outstanding under these lines of credit (see below).

The blended average interest rate on these lines of credit is approximately LIBOR plus 0.25%.