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

3.  DETERMINATION OF THE COMPENSATION FOR THE BOARD OF DIRECTORS

        The Board will submit to the holders of Ordinary Shares the proposal to determine the aggregate compensation for the entire Board of Directors for the year 2005 and up to the date of approval of the Company's financial statements as of December 31, 2005 in the gross amount of Euro 81,198 per month.

* * *

         The resolution with respect to the determination of the compensation for the Board of Directors requires the affirmative vote of the holders of a majority of Ordinary Shares entitled to vote at the meeting.

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VOTING PROCEDURES

You may cast your vote on the resolutions referred to above either by completing the enclosed Voting Instruction Card and mailing it pursuant to the instructions included therein or by attending the ordinary shareholders' meeting personally. Should you elect to cast your vote personally at the ordinary shareholders' meeting, you will be required to follow the procedure established by the Company in agreement with The Bank of New York, as depositary. According to such procedure, you will be required to provide The Bank of New York not later than 12:00 p.m. (noon) on June 8, 2005 evidence that (i) you will be an ADS holder as of the date of the annual meeting and (ii) you have not already exercised the voting rights pertaining to the ADSs held by you by mailing the attached Voting Instruction Card. Details on how to fulfill such requirements are contained in the letters attached hereto as Annex B and Annex C.

         The Company believes that the foregoing information and the attached documents will be sufficient to enable you to cast your vote in connection with each of the resolutions described above which are being submitted for your approval.

Milan, May 4, 2005

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3.  DETERMINATION OF THE COMPENSATION FOR THE BOARD OF DIRECTORS

        The Board will submit to the holders of Ordinary Shares the proposal to determine the aggregate compensation for the entire Board of Directors for the year 2005 and up to the date of approval of the Company's financial statements as of December 31, 2005 in the gross amount of Euro 81,198 per month.

* * *

         The resolution with respect to the determination of the compensation for the Board of Directors requires the affirmative vote of the holders of a majority of Ordinary Shares entitled to vote at the meeting.

3

VOTING PROCEDURES

You may cast your vote on the resolutions referred to above either by completing the enclosed Voting Instruction Card and mailing it pursuant to the instructions included therein or by attending the ordinary shareholders' meeting personally. Should you elect to cast your vote personally at the ordinary shareholders' meeting, you will be required to follow the procedure established by the Company in agreement with The Bank of New York, as depositary. According to such procedure, you will be required to provide The Bank of New York not later than 12:00 p.m. (noon) on June 8, 2005 evidence that (i) you will be an ADS holder as of the date of the annual meeting and (ii) you have not already exercised the voting rights pertaining to the ADSs held by you by mailing the attached Voting Instruction Card. Details on how to fulfill such requirements are contained in the letters attached hereto as Annex B and Annex C.

         The Company believes that the foregoing information and the attached documents will be sufficient to enable you to cast your vote in connection with each of the resolutions described above which are being submitted for your approval.

Milan, May 4, 2005

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