Second Quarter 2003, no Change in Sales of Oakley Eyewear at Sunglass Hut International Stores

Luxottica underscored that in the second quarter of 2003 retail sales of Oakley sunglasses at the Sunglass Hut International stores, were unchanged compared to the same period in 2002.

The 29% downturn referred to previously by Oakley concerned Sunglass acquisitions in the second quarter.