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

Procedure for handling inside information.

On March 27, 2006, the Board of Directors, in compliance with the provisions contained in TUF articles 114, 115-bis and articles 152-bis and the subsequent CONSOB Regulations 11971/1999 as well as the regulations contained in the Code of Conduct, adopted a new procedure for handling inside information (in accordance with TUF article 181) in order to ensure that such information is promptly, completely and adequately disclosed to the public. This procedure was last updated on March 13, 2008.

Those required to keep such documents and inside information confidential include, among others: (i) directors; (ii) statutory auditors; (iii) all those in charge of executive activities within Luxottica and the companies in the Group; and (iv) any other employees of Luxottica and the companies in the Group who, because of their function or position, become aware of any information and/or come into possession of any documents pertaining to insider information.

The procedures for handling the information also require the identification of those in charge of external relations, their expected conduct and the related operational procedures and the obligations to comply with them. The characteristics, content and conditions for updating the Register of persons with access to inside information are also included.

This Register was set up by Luxottica to comply with the provisions of TUF article 115-bis.

The procedures are available on website www.luxottica.com under the section Investor Relations.

Appointment of External Auditors. U.S. regulations provide that either the Audit Committee or an equivalent body under the specific rules of the relevant country must approve the services rendered by external auditors to the Company and its subsidiaries.

To this end, on October 27, 2005, the Board of Directors approved the “Group Procedures for the Appointment of External Auditing Companies.” The purpose of these procedures is to protect the external auditor’s independence - the fundamental guarantee of the reliability of the accounting information regarding the appointing company. These procedures were last updated on February 14, 2008.

The Parent Company’s external auditor is the main auditor for the entire Group.

The limitations on granting appointments contained in these procedures are derived from the regulations in force in Italy and the United States in view of the fact that Luxottica shares are listed both on the MTA organized and managed by the Italian Stock Exchange and on the New York Stock Exchange. Any further constraints imposed by any local laws applicable to individual non-Italian subsidiaries are unprejudiced.

The procedures are available on website www.luxottica.com under the section Investor Relations.