Code of Ethics

Text decided by the Board of Directors of Luxottica Group S.p.A. 31.07.2008

INTRODUCTION

The company group comprising Luxottica Group S.p.A. and its subsidiaries (the companies controlled directly or indirectly by Luxottica Group S.p.A., with the term “control” meaning what is defined in art. 93 of Lgs.D. 58/1998, hereinafter referred to as “Luxottica Group”), is an international reality that operates in a variety of institutional, economical, political, social and cultural contexts in continuous and rapid development.

The mission of the Luxottica Group is to dedicate itself to eye protection and to improvement of the faces of women and men in the world, producing and marketing sunglasses and eyeglasses of high technical quality and style in order to maximise consumer wellbeing and satisfaction.

All the activities of the Luxottica Group must be carried out in compliance with the law, in fair competition with honesty, integrity, correctness and good faith, observing the lawful interests of the customers, employees, business and financial partners and of the community in which the activities of the Luxottica Group are present. All those working with Luxottica Group, without distinction or exception, are obliged to observe and make sure that everyone observes these principles within their own functions and responsibilities. The conviction of acting to the advantage of the Luxottica Group may in no way justify the adoption of behaviours in contrast with these principles.

Due to the complexity of the situations in which the Luxottica Group operates, it is important to clearly define all the values that Luxottica Group acknowledges, accepts and shares, as well as all the responsibilities that the Luxottica Group takes upon itself towards the inside and the outside. For this reason, this "Code of Ethics" or "Code" has been prepared. It encompasses a set of principles and rules whose observance by the targets is very important for the proper operation, the reliability and the reputation of the Luxottica Group.

The Code of Ethics intends to inspire the operations, behaviours and way of working with correctness, fairness, integrity, loyalty and professional uprightness both in the internal relations of the Luxottica Group and in the relations with external subjects, by placing the observance of the laws and regulations of the Countries in which the Luxottica Group operates as well the observance of business procedures at the centre of attention.

The Board of Directors of Luxottica Group S.p.A., adapting itself to the more advanced standards of Corporate Governance, adopts this Code of Ethics in order to ratify the aforesaid principles of ethics and transparency as well as to reconcile the pursue of competitiveness with the requirements of fair competition.

Luxottica will carefully supervise the observance of the Code of Ethics, preparing appropriate means of information, prevention and control and assuring the transparency of the operations and behaviours, intervening with remedial actions, if necessary.
This Code of Ethics is also published on the corporate site, www.luxottica.com, in order to offer the widest possible disclosure of its contents.

The Organisational Model adopted by the Company according to the provisions of Lgs. D. 231/2001 (administrative liability of the bodies for facts amounting to a crime), of which it is an integral part, is based on the Code of Ethics. The violation of the principles and rules contained in it may determine serious consequences for the Company also pursuant to the said regulation.