Luxottica: 9.5% increase in dividend for fiscal year 2004

Luxottica Group yesterday announced that at the Company's Annual General Meeting held on June, 15th, in Milan, Italy, shareholders approved the payment of a cash dividend for fiscal year 2004 of € 0.23 per ordinary share, or € 0.23 per American Depositary Share (ADS) (one ADS represents one ordinary share), up 9.5% from a cash dividend of € 0.21 paid for fiscal year 2003.

The dividend payout for fiscal year 2004 is unchanged year-over-year, reflecting the growth in consolidated net income.

The cash dividend will be paid to holders of record of ordinary shares as of June 17, 2005, and to holders of record of ADRs as of June 22, 2005. The ex-dividend date, for both holders of ordinary shares and ADRs, will be June 20, 2005. The dividend will be paid in Euro to holders of ordinary shares on June 23, 2005. The Bank of New York, depositary of Luxottica Group's ordinary shares represented by ADSs, will make the dividend payable in U.S. Dollars to ADR holders on June 30, 2005, at the Euro/U.S. Dollar exchange rate as of June 23, 2005.

Luxottica Group also announced that today shareholders approved the financial statements for fiscal year 2004.