Milan, Italy – January 23, 2007 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), global
leader in the eyewear sector, today announced consolidated net sales for the three- and
twelve-month periods ended December 31, 2006.

Fourth quarter of 2006¹

• Consolidated sales: €1,105.3 million (+6.8%) (+13.4% excluding effect of exchange rates)
• Retail sales: €769.0 million (+0.4%); Retail comparable store sales²: +5.7%
• Total wholesale sales: €408.7 million (+23.3%) (+27.3% excluding effect of exchange rates)

Fiscal year 2006³

• Consolidated sales: €4,670.9 million (+13.0%) (+13.8% excluding effect of exchange rates)
• - Retail sales: €3,294.0 million (+7.6%); Retail comparable store sales⁴: +6.7%
• Total wholesale sales: €1,710.2 million (+30.5%) (+30.9% excluding effect of exchange rates)

Andrea Guerra, chief executive officer of Luxottica Group, commented: “2006 was another
exceptional year for our Group, marking our third consecutive fiscal year of double-digit
growth in sales. We currently expect that earnings per share for 2006 will be consistent
with the range provided in our latest outlook.”

“Our results showed strong growth from both wholesale and retail operations. The record
performance by our wholesale business - +30.5 percent year-over-year growth, to over
€1.7 billion in sales – reflected significantly improved penetration in key markets
worldwide thanks to the strength of our renewed brand portfolio. I am also pleased with
the performance of our retail division, especially in North America, where the almost eight
percent increase in sales was nearly all organic and affirmed - including during the final
quarter of the year - the strength and additional potential of that business going forward.”

Wholesale sales to third parties for the year – a key measure of the business – rose by 28.1
percent. Ray-Ban, the world’s most recognized eyewear brand, posted its fourth year in a
row of double-digit growth, reaching a total of over 14 million units sold – an all-time
record for the industry. Sales of luxury brands – including Bvlgari, Chanel, Dolce &
Gabbana, Prada and Versace – rose by an average of 40 percent for the year. In terms of
regions, the business continued to improve penetration in the key North American market.
Of particular note was the performance of the Group’s wholesale business in emerging
markets, where sales rose for the year by 60 percent thus highlighting another area of
growth going forward.

In 2006, the Group’s investments in its store base further strengthened its retail
operations, unlocking opportunities for growth going forward. The plan covered the
remodeling of approximately 510 stores worldwide as well as the addition of approximately
570 new and acquired stores, including the beginning of retail operations in Mainland
China.

“Turning to 2007,” added Mr. Guerra, “we are working on a highly focused plan that we
expect should result in another strong year in both retail and wholesale. This plan will
include additional investments in our store base for approximately €225 million to continue
building on the significant momentum of our retail business.”

The Group’s capital investment plan for 2007 currently includes the remodeling of an
additional 480 stores worldwide as well over 500 new stores. Within retail, particularly in
North America, the Group will especially focus on Sunglass Hut – for which by the end of
2007 approximately 60% percent of the store base is expected to be new or recently
remodeled – and LensCrafters – where the roll-out of its new store format has already
contributed to the positive results for 2006.

In wholesale Luxottica Group is expecting further growth from key luxury brands, which
the Group believes continue to demonstrate significant potential for additional
improvement, and from Ray-Ban. In terms of regions, emerging markets will be an area of
additional focus for Luxottica Group with potential investments in both wholesale and
retail.

The Group will report full year results on March 5, 2007, including a detailed outlook for
fiscal year 2007.

Finally, today Luxottica Group announced⁵ that it expects to pay dividends for fiscal year
2006 for the Group’s ordinary shares in May 2007. The Group does not expect to adopt a
policy of interim dividend distribution for fiscal year 2007 and will promptly inform the
market of any changes with respect to the date indicated in this announcement, in
accordance with applicable regulations.

About Luxottica Group S.p.A.

Luxottica Group is a global leader in eyewear, with approximately 5,700 optical and sun
retail stores in North America, Asia-Pacific, China and Europe and a strong brand portfolio
that includes Ray-Ban, the best selling sun and prescription eyewear brand in the world, as
well as, among others, license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna
Karan, Polo Ralph Lauren, Prada and Versace, and key house brands Vogue, Persol, Arnette
and REVO. In addition to a global wholesale network that touches 130 countries, the Group
manages leading retail brands such as LensCrafters and Pearle Vision in North America,
OPSM and Laubman & Pank in Asia-Pacific, and Sunglass Hut globally. The Group’s products
are designed and manufactured in six Italy-based high-quality manufacturing plants and in
the only two China-based plants wholly-owned by a premium eyewear manufacturer. For
fiscal year 2006, Luxottica Group (NYSE: LUX; MTA: LUX) posted consolidated net sales of
€4.7 billion. Additional information on the Group is available at www.luxottica.com.

Safe Harbor Statement

Certain statements in this press release may constitute “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995. Such statements involve
risks, uncertainties and other factors that could cause actual results to differ materially
from those which are anticipated. Such risks and uncertainties include, but are not limited
to, fluctuations in exchange rates, economic and weather factors affecting consumer
spending, the ability to successfully introduce and market new products, the availability of
correction alternatives to prescription eyeglasses, the ability to successfully launch
initiatives to increase sales and reduce costs, the ability to effectively integrate recently
acquired businesses, as well as other political, economic and technological factors and
other risks referred to in Luxottica Group’s filings with the U.S. Securities and Exchange
Commission. These forward-looking statements are made as of the date hereof and, under
U.S. securities regulation, Luxottica Group does not assume any obligation to update them.

Luxottica Group S.p.A. media and investor relations contacts

Luca Biondolillo, Head of Communications
Tel.: +39 (02) 8633 4062
Email: LucaBiondolillo@Luxottica.com

Alessandra Senici, Senior Manager, Investor Relations
Tel.: +39 (02) 8633 4069
Email: AlessandraSenici@Luxottica.com

___________________________
¹ All comparisons, including percentage changes, are between the three-month periods ended December 31, 2006 and 2005.
² Comparable store sales reflects the change in sales from one period to another that, for comparison
purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area.
³ All comparisons, including percentage changes, are between the fiscal years ended December 31, 2006 and 2005.
⁴ Comparable store sales reflects the change in sales from one period to another that, for comparison
purposes, includes in the calculation only stores open in the more recent period that also were open during the comparable prior period, and applies to both periods the average exchange rate for the prior period and the same geographic area.
⁵ This announcement about the payment of dividends for fiscal year 2006 and 2007 is specifically made in accordance with the rules specified in Article IA.2.1.2. paragraph 1, lett. a) and b) of the Regulation of the Markets Organized and Managed by Borsa Italiana S.p.A.