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

PARENT GUARANTEE

THIS PARENT GUARANTEE, dated as of July 1, 2008 (the “Parent Guarantee”) and granted by Luxottica Group S.p.A. (the “Parent”) to each of the purchasers set forth on Schedule A to the Note Purchase Agreement (as defined below), as purchasers (herein, each, including its respective successors and assigns duly registered in accordance with Section 14.1 of the Note Purchase Agreement referred to below, a “Noteholder” and, together, the “Noteholders”) of the U.S.$20,000,000 aggregate principal amount of 5.96% Series A Senior Guaranteed Notes due July 1, 2013 (the “Series A Notes”), U.S.$127,000,000 aggregate principal amount of 6.42% Series B Senior Guaranteed Notes due July 1, 2015 (the “Series B Notes”) and U.S.$128,000,000 aggregate principal amount of 6.77% Series C Senior Guaranteed Notes due July 1, 2018 (the “Series C Notes” and, together with the Series A Notes and the Series B Notes, the “Notes”) of Luxottica U.S. Holdings Corp., a corporation incorporated in Delaware (the “Company”), issued pursuant to the Note Purchase Agreement, dated June 30, 2008 (herein, as the same may be supplemented or amended from time to time, called the “Note Purchase Agreement”) between the Company, the Parent and the Noteholders.  Capitalized terms used herein but not otherwise defined herein shall have the meaning assigned thereto in the Note Purchase Agreement.