De Rigo has repurchased 5% of its total share capital

De Rigo has repurchased 2,225,000 of its existing shares, representing approximately 5% of its total capital, from the Prada Group at a price of USD 6.30 per share.

The transaction was conducted in accordance with the existing share repurchase program, for which the Company is authorized to repurchase up to 4,400,000 of its ordinary shares, through November 2005.

At the date of this announcement, the Company repurchased a total of 2,448,000 of its outstanding shares, at an average price of 6.08 USD per share.