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Luxottica approves payment of a cash dividend for fiscal year 2007
May '08
Luxottica Group S.p.A. announced that shareholders at the Company's Ordinary Meeting (the "Meeting") held in Milan approved the payment of a cash dividend for fiscal year 2007 of euro 0.49 per ordinary share and per American Depositary Share (ADS) (one ADS represents one ordinary share), representing a 17 percent year-over-year increase.

For fiscal year 2006, shareholders approved the payment of a cash dividend of euro 0.42 per ordinary share and ADS.

The ex-dividend date for both holders of ordinary shares and ADRs will be May 19, 2008. Luxottica Group will make the dividend payable in Euro to holders of ordinary shares on May 22, 2008.

Deutsche Bank Trust Company Americas, the depositary for Luxottica Group's ordinary shares represented by ADSs, will make the dividend payable in U.S. dollars to ADS holders commencing on May 29, 2008, at the Euro/U.S. dollar exchange rate on May 22, 2008.

Information regarding the tax regime applicable to the payment of Luxottica Group dividends is available from the Company's website.

At the Meeting, shareholders also approved the Group's IFRS consolidated financial statements for fiscal year 2007, the 2008 Performance Shares Plan (a share incentive plan for the Group's top managers), as well as a program authorizing the repurchase and disposal of up to a maximum of 18,500,000 Luxottica Group ordinary shares over the next 18 months from the date of the Meeting, for a maximum cost of euro 370,000,000.

At the Extraordinary Meeting, shareholders modified articles 10, 11 and 23 of the Company's By-laws.

Luxottica Group S.p.A.

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