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

1.  SUBMISSION AND APPROVAL OF THE COMPANY'S STATUTORY FINANCIAL STATEMENT AS AT DECEMBER 31, 2004 AND SUBMISSION OF THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2004

         Under Italian law, a statement of the Company's assets and liabilities prepared on an unconsolidated basis as of the last day of its most recently completed fiscal year in accordance with certain statutory accounting requirements (the "Statutory Financial Statement") must be approved by shareholders at the annual ordinary meeting of shareholders.

         Under Italian law, the Statutory Financial Statement is submitted for approval by the holders of Ordinary Shares together with the reports thereon by the Company's Board of Directors, the Board of Statutory Auditors, and the Company's Independent Public Accountants. Once approved by the holders of Ordinary Shares, the Statutory Financial Statement must be filed with the Company's Register kept by the Chamber of Commerce in Milan.

         The Company does not believe that the Statutory Financial Statement is as meaningful a statement of the Company's overall financial condition as the Consolidated Financial Statements of the Company referred to below. Accordingly, the Statutory Financial Statement is not being distributed to the holders of American Depositary Shares and such holders who will not attend the meeting personally are not being asked to direct the vote of the deposited Ordinary Shares, by mail, with respect to such Financial Statement. Nevertheless, the holders of ADSs who will attend the meeting personally and, upon fulfillment of the conditions described below, are granted the right to vote thereat, also shall be entitled to direct their vote on the approval of the Statutory Financial Statement. A copy of the Company's Statutory Financial Statement together with the reports thereon by the Company's Board of Statutory Auditors and Board of Directors, as filed with the Company's Registered Office, shall be available starting from May 30, 2005 and may be obtained without charge by any holder of American Depositary Shares. Requests for copies of the Statutory Financial Statement and such reports should be sent to, or requested by telephone from, the Company's Legal Department Representative at the Company's offices, Via Cantù 2, 20123 Milan, Italy, tel. n. 011 39 02 8633 4623, fax n. 011 39 02 8633 466 (attn. Marianna Nascè). Such documentation may be obtained also from the Company's website www.luxottica.com.

         Copies of the Statutory Financial Statement and such reports also will be available at the meeting.

         The Consolidated Financial Statements reflect the activity of the Company and of the group of companies owned, directly or indirectly, by the Company. The Consolidated Financial Statements as of and for the fiscal year ending December 31, 2004 were prepared in accordance with U.S. GAAP and were audited by Deloitte & Touche, independent registered public accounting firm, as stated in their report therein. An English translation of the Consolidated Financial Statements as of and for the year ending December 31, 2004, together with a copy of the Consolidated Financial Statements as of and for the fiscal years ending December 31, 2003 and December 31, 2002, are attached hereto.

         However, no resolution of the shareholders approving said Consolidated Financial Statements is required and, accordingly, the Board will not ask the shareholders to express their vote on this particular item of the agenda.

1.  SUBMISSION AND APPROVAL OF THE COMPANY'S STATUTORY FINANCIAL STATEMENT AS AT DECEMBER 31, 2004 AND SUBMISSION OF THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2004

         Under Italian law, a statement of the Company's assets and liabilities prepared on an unconsolidated basis as of the last day of its most recently completed fiscal year in accordance with certain statutory accounting requirements (the "Statutory Financial Statement") must be approved by shareholders at the annual ordinary meeting of shareholders.

         Under Italian law, the Statutory Financial Statement is submitted for approval by the holders of Ordinary Shares together with the reports thereon by the Company's Board of Directors, the Board of Statutory Auditors, and the Company's Independent Public Accountants. Once approved by the holders of Ordinary Shares, the Statutory Financial Statement must be filed with the Company's Register kept by the Chamber of Commerce in Milan.

         The Company does not believe that the Statutory Financial Statement is as meaningful a statement of the Company's overall financial condition as the Consolidated Financial Statements of the Company referred to below. Accordingly, the Statutory Financial Statement is not being distributed to the holders of American Depositary Shares and such holders who will not attend the meeting personally are not being asked to direct the vote of the deposited Ordinary Shares, by mail, with respect to such Financial Statement. Nevertheless, the holders of ADSs who will attend the meeting personally and, upon fulfillment of the conditions described below, are granted the right to vote thereat, also shall be entitled to direct their vote on the approval of the Statutory Financial Statement. A copy of the Company's Statutory Financial Statement together with the reports thereon by the Company's Board of Statutory Auditors and Board of Directors, as filed with the Company's Registered Office, shall be available starting from May 30, 2005 and may be obtained without charge by any holder of American Depositary Shares. Requests for copies of the Statutory Financial Statement and such reports should be sent to, or requested by telephone from, the Company's Legal Department Representative at the Company's offices, Via Cantù 2, 20123 Milan, Italy, tel. n. 011 39 02 8633 4623, fax n. 011 39 02 8633 466 (attn. Marianna Nascè). Such documentation may be obtained also from the Company's website www.luxottica.com.

         Copies of the Statutory Financial Statement and such reports also will be available at the meeting.

         The Consolidated Financial Statements reflect the activity of the Company and of the group of companies owned, directly or indirectly, by the Company. The Consolidated Financial Statements as of and for the fiscal year ending December 31, 2004 were prepared in accordance with U.S. GAAP and were audited by Deloitte & Touche, independent registered public accounting firm, as stated in their report therein. An English translation of the Consolidated Financial Statements as of and for the year ending December 31, 2004, together with a copy of the Consolidated Financial Statements as of and for the fiscal years ending December 31, 2003 and December 31, 2002, are attached hereto.

         However, no resolution of the shareholders approving said Consolidated Financial Statements is required and, accordingly, the Board will not ask the shareholders to express their vote on this particular item of the agenda.