Luxottica's Annual General Meeting of Shareholders Approves Financial Statements...

Luxottica's Annual General Meeting of Shareholders Approves Financial
Statements for Fiscal Year 2008, Appoints New Board of Directors

MILAN, April 29 /PRNewswire-FirstCall/ -- The Annual General Meeting of
Shareholders of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a global leader
in premium fashion, luxury and sports eyewear, today approved the Company's
IFRS financial statements for fiscal year 2008.

Following the presentation by the Board of Directors of the results for fiscal
year 2008 and having heard the favorable opinion by the statutory auditors,
the Meeting voted to allocate net income for fiscal year 2008 to the
Extraordinary Reserve, thereby suspending for the time being the payment of
dividends to further strengthen the Company's equity structure. The Board of
Directors deferred the matter of the payment of dividends for 2008 to a
possible Shareholders' Meeting to be called in the second half of 2009.

The Meeting then approved the appointment of the following 15 directors to the
Board of Directors: Leonardo Del Vecchio, Luigi Francavilla, Andrea Guerra,
Roger Abravanel, Mario Cattaneo, Enrico Cavatorta, Roberto Chemello, Claudio
Costamagna, Claudio Del Vecchio, Sergio Erede, Sabina Grossi, Marco
Mangiagalli, Gianni Mion and Marco Reboa (from a list submitted by controlling
shareholder Delfin S.a.r.l.) and Ivanhoe Lo Bello (from a list submitted by
certain institutional shareholders).

Roger Abravanel, Mario Cattaneo, Claudio Costamagna, Marco Mangiagalli, Gianni
Mion, Marco Reboa and Ivanhoe Lo Bello declared themselves qualified to act as
independent directors as defined by Article 148, Clause 3, of the Italian
Consolidated Finance Act (Testo Unico della Finanza) and Listed Companies Code
of Ethics (Codice di Autodisciplina delle Societa Quotate). Detailed
curriculums for these directors are available at www.luxottica.com.

The Meeting also appointed to the Board of Statutory Auditors Francesco Vella,
as chairman, and Enrico Cervellera and Alberto Giussani, as permanent
auditors. Mario Magenes and Alfredo Macchiati were appointed as alternate
auditors. Francesco Vella and Alfredo Macchiati were selected from a list
submitted by certain institutional shareholders. Enrico Cervellera, Alberto
Giussani and Mario Magenes were selected from a list submitted by Delfin
S.a.r.l.

The Meeting also established monthly gross compensation for the entire Board
of Directors in the amount of Euro 101,497.50. The term for the members of the
Board is three years, until the approval of the statutory financial statements
for the fiscal year ended December 31, 2011 by the Annual General Meeting of
Shareholders called to approve this matter. Similarly, the Meeting established
annual gross compensation for the chairman of the Board of Statutory Auditors
in the amount of Euro 105,000 and of Euro 70,000 for each of the permanent
auditors. The term for the members of the Board of Statutory Auditors, which
will carry out the functions of the Audit Committee as defined by the U.S.
Sarbanes-Oxley Act, is three years, until the approval of the statutory
financial statements for the fiscal year ended December 31, 2011 by the Annual
General Meeting of Shareholders called to approve this matter.

At a meeting following the end of the Shareholders' Meeting, the Board of
Directors reappointed Andrea Guerra as CEO and appointed members to Board of
Directors' committees as follows: for the Human Resources Committee: Roger
Abravanel, Claudio Costamagna (chairman), Sabina Grossi and Gianni Mion, each
a non-executive director and, for the majority, also an independent director;
and, for the Internal Control Committee: Mario Cattaneo (chairman), Marco
Mangiagalli and Marco Reboa, each an independent director.

The Board of Directors also ascertained that the above mentioned independent
directors are all legally qualified to act as such.

About Luxottica Group S.p.A.

Luxottica Group is a global leader in premium fashion, luxury and sports
eyewear, with over 6,250 optical and sun retail stores in North America,
Asia-Pacific, China, South Africa and Europe and a strong and well balanced
brand portfolio. Luxottica's key house brands include Ray-Ban, the best known
sun eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples, Arnette
and REVO, while license brands include Bvlgari, Burberry, Chanel, Dolce &
Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany
and Versace. In addition to a global wholesale network covering 130 countries,
the Group manages leading retail brands such as LensCrafters and Pearle Vision
in North America, OPSM and Laubman & Pank in Australasia, LensCrafters in
Greater China and Sunglass Hut globally. The Group's products are designed and
manufactured in six Italy-based manufacturing plants and in two wholly-owned
plants in China. In 2008, Luxottica Group posted consolidated net sales of
euro 5.2 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, the
ability to successfully integrate Oakley's operations, the ability to realize
expected synergies from the merger with Oakley, the ability to successfully
introduce and market new products, the ability to maintain an efficient
distribution network, the ability to manage the effect of the poor current
global economic conditions on our business and predict future economic
conditions and changes in consumer preferences, the ability to achieve and
manage growth, the ability to negotiate and maintain favorable license
arrangements, the availability of correction alternatives to prescription
eyeglasses, fluctuations in exchange rates, the ability to effectively
integrate other recently acquired businesses, as well as other political,
economic and technological factors and other risks and uncertainties described
in our filings with the U.S. Securities and Exchange Commission. These
forward-looking statements are made as of the date hereof, and we do not
assume any obligation to update them.

SOURCE Luxottica Group S.p.A.

Ivan Dompe, Group Director of Corporate Communications, +39 (02) 8633-4726,
Ivan.Dompe@luxottica.com, or Alessandra Senici, Group Director of Investor
Relations, +39 (02) 8633-4069, InvestorRelations@Luxottica.com, or Luca
Biondolillo, Group Director of International Communications, +39 (02)
8633-4668, LucaBiondolillo@Luxottica.com, all of Luxottica Group