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

Executive Directors

        On 27^th July 2004, the Board accepted the wish of both the Chairman and the Deputy Chairman to relinquish their operational responsibilities and authority. The Chairman now retains only those functions reserved to him at law and pursuant to Luxottica's by-laws, as well as the supervision of the Internal Control Committee.

        On 14^th September 2004, the Board reappointed Mr. Leonardo del Vecchio as Chairman of the Company, Mr. Luigi Francavilla as Deputy Chairman and Mr. Andrea Guerra as Chief Executive Officer.

        The Chairman, despite his lack of operating authority, continues to be considered as an executive director because of his commitment to Luxottica and his involvement in all principal strategic decisions.

        The Chief Executive Officer, Mr. Andrea Guerra, has full day to day authority in respect of Luxottica. His authority is set out in the resolutions made and the guidelines issued by the Board, although it does not extend to those powers reserved to the Board either at law, by the company by-laws or by Board resolutions. His authority is also subject to an overriding limit in respect of decisions or activities which would exceed a certain value threshold.

        The Chief Executive Officer has granted power of attorney to three Directors, Mr. Enrico Cavatorta, Mr. Roberto Chemello and Mr. Luigi Francavilla enabling them to execute transactions below a certain value threshold.

        Mr. Luigi Francavilla, Deputy Chairman, and Messrs. Roberto Chemello and Claudio Del Vecchio, Directors, hold positions which involve extensive operational authority in commercially significant companies within the Group.

        The Board therefore includes six Executive Directors: Messrs. Leonardo Del Vecchio, Andrea Guerra, Enrico Cavatorta, Luigi Francavilla, Roberto Chemello and Claudio Del Vecchio.

Executive Directors

        On 27^th July 2004, the Board accepted the wish of both the Chairman and the Deputy Chairman to relinquish their operational responsibilities and authority. The Chairman now retains only those functions reserved to him at law and pursuant to Luxottica's by-laws, as well as the supervision of the Internal Control Committee.

        On 14^th September 2004, the Board reappointed Mr. Leonardo del Vecchio as Chairman of the Company, Mr. Luigi Francavilla as Deputy Chairman and Mr. Andrea Guerra as Chief Executive Officer.

        The Chairman, despite his lack of operating authority, continues to be considered as an executive director because of his commitment to Luxottica and his involvement in all principal strategic decisions.

        The Chief Executive Officer, Mr. Andrea Guerra, has full day to day authority in respect of Luxottica. His authority is set out in the resolutions made and the guidelines issued by the Board, although it does not extend to those powers reserved to the Board either at law, by the company by-laws or by Board resolutions. His authority is also subject to an overriding limit in respect of decisions or activities which would exceed a certain value threshold.

        The Chief Executive Officer has granted power of attorney to three Directors, Mr. Enrico Cavatorta, Mr. Roberto Chemello and Mr. Luigi Francavilla enabling them to execute transactions below a certain value threshold.

        Mr. Luigi Francavilla, Deputy Chairman, and Messrs. Roberto Chemello and Claudio Del Vecchio, Directors, hold positions which involve extensive operational authority in commercially significant companies within the Group.

        The Board therefore includes six Executive Directors: Messrs. Leonardo Del Vecchio, Andrea Guerra, Enrico Cavatorta, Luigi Francavilla, Roberto Chemello and Claudio Del Vecchio.