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

SHARE BUY-BACK PLANS

On September 25, 2002, upon the authorization of Luxottica Group S.p.A., Luxottica U.S. Holdings Corp., a U.S. subsidiary of Luxottica Group, approved the purchase of up to 11,500,000 Luxottica Group’s ADS, representing an equal number of ordinary shares, equivalent to 2.5% of Luxottica Group’s authorized and issued share capital. This plan required that the purchase be carried out on the New York Stock Exchange within 18 months of its approval.

On March 20, 2003, Luxottica U.S. Holdings Corp. approved the purchase of up to 10,000,000 Luxottica Group ADS, representing an equal number of ordinary shares, and equivalent to 2.2% of Luxottica Group’s authorized and issued share capital, to be purchased on the New York Stock Exchange within 18 months of its approval.

As of its expiration date, Luxottica U.S. Holdings Corp. had acquired 6,434,786 Luxottica Group ADS, representing approximately 1.4% of the capital of Luxottica Group. These ADS have been transferred by Luxottica U.S. Holdings Corp. to its subsidiary Arnette Optics Illusions Inc. and on the first quarter of 2006 they have been converted in Luxottica Group ordinary shares in accordance with applicable law.

SHARE BUY-BACK PLANS

On September 25, 2002, upon the authorization of Luxottica Group S.p.A. Luxottica U.S. Holdings Corp., a U.S. subsidiary of Luxottica Group, approved the purchase of up to 11,500,000 Luxottica Group’s ADS, representing an equal number of ordinary shares, equivalent to 2.5% of Luxottica Group’s authorized and issued share capital. This plan required that the purchase be carried out on the New York Stock Exchange within 18 months of its approval.

On March 20, 2003, Luxottica U.S. Holdings Corp. approved the purchase of up to 10,000,000 Luxottica Group ADS, representing an equal number of ordinary shares, and equivalent to 2.2% of Luxottica Group’s authorized and issued share capital, to be purchased on the New York Stock Exchange within 18 months of its approval. As of its expiration date, Luxottica U.S. Holdings Corp. had acquired 6,434,786 Luxottica Group ADS, representing approximately 1.4% of the capital of Luxottica Group. These ADS have been transferred by Luxottica U.S. Holdings Corp. to its subsidiary Arnette Optics Illusions Inc. and on the first quarter of 2006 they have been converted in Luxottica Group ordinary shares in accordance with applicable law.