Company Profile

Safilo has been making eyewear products for over 75 years, Safilo directly controls the entire business cycle and it is strongly designing manufacturing and distributing high-quality prescription oriented towards product development and design. through its frames, sunglasses and sports eyewear under licensing agreements team of designers, who ensure the continual stylistic and technical for leading luxury and premium brands as well as under its own innovation that has always been a distinguishing feature of the brands. Group.

Based in Padua, Italy, Safilo is the second-largest manufacturer Safilo’s products are primarily sold to wholesale clients through of eyewear products worldwide in terms of turnover and the world approximately 80,000 points of sale in about 130 countries but leader in the luxury eyewear segment. It is also one of the top three also to our directly operated stores. Safilo’s wholesale clients sports eyewear manufacturers and distributors. are independent opticians, optometrists, chains of optics stores, department stores, specialty stores, our licensors’ stores, duty free and sports gear stores

Financial highlights Safilo’s business in 2009 by product and geographical area

€m 31/03/10 31/03/09 % change 2009 2008 % change Net sales by product category Net sales 286.0 287.9 -0.7% 1,011.2 1,147.8 -11.9%

Gross profit 173.6 174.6 -0.6% 572.5 663.0 -13.6% % 60.7% 60.6% 56.6% 57.8% Sunglasses 52.9%

EBITDA 36.6 30.2 +14.6% 58.8 126.3 -53.9% Prescription frames 39.6% % 12.1% 10.5% 5.8% 11.0% Sport products and others 7.5% Operating result 24.1 19.1 +26.2% (270.7) 86.3 n.s. % 8.4% 6.6% -26.8% 7.5%

Group net result 1.7 1.7 -0.3% (351.4) (23.3) n.s. % 0.6% 0.6% -34.8% -2.0% Net sales by geographical area Net financial position 315.4 617.7 588.0 570.0 Shareholders’ equity 752.7 822.9 438.4 795.9 Net capital employed 1,078.5 1,449.7 1,034.0 1,374.3 Europe 47.4% America 36.8% During the fourth quarter 2009, the ongoing market downturn, especially in the Group’s most important business segments, and the more prudent expectations of recovery of international Asia 12.9% markets, forced the Group to further write down the value of the goodwill associated with certain cash generating units, and to write down the deferred tax assets. Consequently, 2009 results Rest of the world 1.9% were impacted by non-recurring non-monetary items totalling Euro 318 million.

Audit company: PriceWaterHouseCoopers

Relevant Shareholders Corporate Governance

On 19th October 2009 the Board of Directors approved a recapitalization Board of Directors Exec Non exec Indep. Shares held plan for the Company which was executed in connection with an Melchert Frans Groot investment agreement underwritten by HAL Holding N.V., Only 3T S.p.A √ Chairman and Safilo. In March 2010, with the positive conclusion of the plan, Multibrands Italy B.V. (a subsidiary of HAL Holding N.V.) became the 240.000 Roberto Vedovotto √ shares as at reference shareholder of Safilo Group, with 37.23% of its share capital. CEO 10/05/10

Giovanni Ciserani √ √ Director

1.000 Jeffrey A. Cole HAL Holding NV 37.23% √ √ shares as at Director (through its subsidiary 10/05/10 Multibrands Italy B.V.) Marco Jesi Only 3T S.p.A. 10.02% √ √ Director FIL Limited 2.02% Eugenio Ranzelli √ √ Director Market 50.73% 12.090 Massimiliano Tabacchi √ shares as at Director As at May 10, 2010 10/05/10

Investor Relations: Barbara Ferrante: [email protected] - Tel.:+39 049 6985766 Company Profile

General information Principal indices Shares outstanding: Par value: Share capital: FTSE Italia 56,821.965 5 euro € 284,109.825 All-Shares Personal Goods

ISIN BLOOBERG REUTERS FTSE Italia Mid Cap IT0004604762 SFL IM SFLG.MI FTSE Italia Consumer Goods

FTSE Italia All-Shares

Safilo share’s analysis 01/01/10 – 30/06/10

130 Marc Jacobs and Q1 2010 Marc by Marc Jacobs results Last price 30/06/10 € 7.625 licensing agreement extended Max - 03/0510 € 9.76 120 Financial results 2009 Min - 26/02/10 € 6.09 Vincenzo Giannelli and appointment S&P Start of the new CFO 110 of new B. of D. upgrades Average price € 8.01 rights issue Safilo’s The capital increase credit rating Average volumes 348.893 reserved to HAL 100 has been subscribed

Final results 90 of the rights issue

80 Juicy Couture licensing agreement renewed 70

60 4/1/10 5/2/10 9/3/10 20/1/10 21/2/10 25/3/10 10/4/10 26/4/10 12/5/10 28/5/10 13/6/10 29/6/10

Safilo FTSE Italia Mid Cap

Performance comparison Safilo share’s Coverage

BANCA AKROS Last 1M 3M 6M 1A Cabrino Giada [email protected] price 30/06/10 BANCA ALETTI Andrea Bonfà [email protected] Safilo €7.625 -8.7% -15.4% -8.4% +19.9% BANCA LEONARDO Pecciarini Paola [email protected] Indices CENTROBANCA FTSE MIB 19,311.75 -1.7% -15.9% -17.4% +0.8% Ragazzi Simone [email protected] CHEUVREUX ITALIA SIM SPA FTSE Italia Mid Cap 22,343.89 -3.5% -12.8% -10.7% +0.0% Ferragina Francesca [email protected]

European Fashion 102.98 -5.47% 3.25% 16.57% 61.19% CITI Mauro Baragiola [email protected] Other companies DEUTSCHE SIM SPA Di Pasquantonio Francesca [email protected] Luxottica €19.94 +1.5% +.5% +10.3% +33.6% EQUITA SIM SPA Fielmann €62.24 +1.0% +4.6% +21.5% +33.4% Ghilotti Domenico [email protected] EXANE BNP PARIBAS Essilor €48.98 +5.44% +3.6% +17.3% +44.1% Edouard Crowley [email protected]

Marcolin €2.83 +39.3% +70.5% +74.4% +71.6% INTERMONTE SECURITIES SIM Corneliani Stefano [email protected] LVMH €89.81 +3.4% +3.0% +13.7% +63.8% Pacini GianLuca [email protected] PPR €102.55 +5.2% +4.6% +22.5% +77.4% Rotelli Chiara [email protected] Christian Dior €79.06 +0.2% -0.3% +9.7% +48.1% MERRILL LYNCH INTERNATIONAL Cereda Flavio [email protected] BANCA MOBILIARE Vimercati Davide [email protected]

Investor Relations: Barbara Ferrante: [email protected] - Tel.:+39 049 6985766