Luxottica's annual ordinary meeting

Luxottica Group has announced that at the Company's Annual Ordinary Meeting held yesterday in Milan, Italy, shareholders approved the payment of a cash dividend for fiscal year 2003 of € 0.21 per ordinary share, or € 0.21 per American Depositary Share (Ads, one Ads represents one ordinary share). Last year, shareholders received a cash dividend for fiscal year 2002 of € 0.21.

The cash dividend will be paid to holders of record of Adrs as of June 23, 2004, and to holders of record of ordinary shares as of June 18, 2004. The ex-dividend date, for both holders of ordinary shares and Adrs, will be June 21, 2004. The dividend will be paid in Euro to holders of ordinary shares on June 24, 2004. The Bank of New York, depositary of Luxottica Group's ordinary shares represented by Adrs, will make the dividend payable in U.S. Dollars to ADR holders on July 1, at the Euro/U.S. Dollar exchange rate as of June 24, 2004.

Luxottica Group also announced that at the Company's Extraordinary Meeting, held yesterday, shareholders approved amendments to the Company's by-laws which make them consistent with Legislative Decree N° 6/2003 of the Italian Corporate Law.