Milan - Italy, July 7, 2005 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX) today
announced that it will acquire Xueliang Optical, the leading premium optical chain in
Beijing, China.

Leonardo Del Vecchio, chairman of Luxottica Group, commented: “Today’s acquisition is
a key strategic step for our Group, as it strengthens our position in what is fast
becoming one of the most important markets in the world for fashion and premium
eyewear. In fact, following the completion of this acquisition Luxottica Group will
become one of the leading operators of premium optical stores in the Chinese market,
with a total of 149 stores.”

Luxottica Group’s leadership position in this market is particularly important. The
Chinese, for one, are already one of the largest consumer groups in the luxury industry.
In addition, urban middle and upper classes – which are estimated to represent twothirds
of total consumption in China - are expected to nearly triple in the next five years,
driving growth in the luxury market as well as premium eyewear.

Going forward, the Group will continue to closely monitor the development of the
Chinese optical retail market, where concentration is still low, while growth rates are
significantly above – in some cases as much as three times -- those of most developed
markets.

Luxottica Group will acquire 100 percent of the equity interest in Beijing Xueliang Optical
Technology Co. Ltd. for a purchase price of RMB 169 million (approx. Euro 17 million),
plus RMB 40 million (approx. Euro 4 million) in assumed liabilities. Xueliang Optical posted
unaudited sales for the most recent fiscal year of RMB 102 million (approx. Euro 10
million).

Xueliang Optical brings to the Group 79 stores in Beijing. Luxottica Group already
operates 70 stores in Hong Kong.

As customary, completion of the transaction remains subject to approval by the relevant
Chinese governmental authorities. Luxottica Group currently anticipates receiving such
approvals by the end of 2005.

About Luxottica Group S.p.A.

Luxottica Group is a global leader in eyewear, with nearly 5,500 optical and sun retail stores
mainly in North America and Asia-Pacific and a well-balanced portfolio that comprises
leading premium house and licensed brands, including Ray-Ban, the best selling sun and
prescription brand in the world. Among others, the Group’s brand portfolio includes house
brands Vogue, Persol, Arnette and REVO and license brands Bvlgari, Chanel, Donna Karan,
Prada and Versace. Luxottica Group’s global wholesale network touches 120 countries, with
a direct presence in the key 28 eyewear markets worldwide. The Group’s products are
designed and manufactured at its six Italy-based high-quality manufacturing plants and at
the only China-based plant wholly-owned by a premium manufacturer. For fiscal year 2004,
Luxottica Group posted consolidated net sales and net income of €3.2 billion and €286.9
million, respectively. Additional information on the Group is available on the web at
www.luxottica.com.

Contacts

Luxottica Group S.p.A.

Luca Biondolillo, Head of Communications
Email: LucaBiondolillo@Luxottica.com

Alessandra Senici, Manager, Investor Relations
Email: AlessandraSenici@Luxottica.com

Tel.: +39 (02) 8633-4062