Safilo has been making eyewear products for over 75 years, designing manufacturing and distributing high-quality prescription frames, sunglasses and sports eyewear under licensing agreements for leading luxury and premium brands as well as under its own brands.

Based in Padua, Italy, Safilo is the second-largest manufacturer of eyewear products worldwide in terms of turnover and the world leader in the luxury eyewear segment. It is also one of the top three sports eyewear manufacturers and distributors.

Safilo directly controls the entire business cycle and it is strongly oriented towards product development and design. through its team of designers, who ensure the continual stylistic and technical innovation that has always been a distinguishing feature of the Group.

Safilo’s products are primarily sold to wholesale clients through approximately 80,000 points of sale in about 130 countries but also to our directly operated stores. Safilo’s wholesale clients are independent opticians, optometrists, chains of optics stores, department stores, specialty stores, our licensors’ stores, duty free and sports gear stores

Company Profile

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

Net sales by product category

Net sales by geographical area

€m 30/09/10 30/09/09 % change 2009 2008 % change

Net sales 818.2 774.7 -0.7% 1,011.2 1,147.8 -11.9%

Gross profit 482.7 446.4 +8.1% 572.5 663.0 -13.6% % 59.0% 57.6% 56.6% 57.8%

EBITDA 82.5 47.5 +73.5% 58.8 126.3 53.9% % 10.1% 6.1% 5.8% 11.0%

Operating result 52.4 (134.5) n.s. (270.7) 86.3 n.s. % 6.4% -17.4% -26.8% 7.5%

Group net result (3.6) (186.2) n.s. (351.4) (23.3) n.s. % -0.4% -24.0% -34.8% -2.0%

Net financial position 262.7 594.37 588.0 570.0

Shareholders’ equity 734.8 586.3 438.4 795.9

Net capital employed 1,007.9 1,189.3 1,034.0 1,374.3

During 2009, the ongoing market downturn and the more prudent expectations of recovery of international markets, forced the Group to write down the goodwill, certain retail assets and the deferred tax assets. Consequently, 2009 results were impacted by non-recurring non-monetary items totalling Euro 156 million in the 9 months and Euro 318 million in the full year.

Sunglasses 52.9%

Europe 47.4%

America 36.8%

Asia 12.9%

Rest of the world 1.9%

Prescription frames 39.6%

Sport products and others 7.5%

On 19th October 2009 the Board of Directors approved a recapitalization plan for the Company which was executed in connection with an investment agreement underwritten by HAL Holding N.V., Only 3T S.p.A 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 reference shareholder of Safilo Group, with 37.23% of its share capital.

Board of Directors Exec Non exec Indep. Shares held

Melchert Frans Groot Chairman √

Roberto VedovottoCEO √

240.000 shares as at

30/09/10

Giovanni Ciserani Director √ √

Jeffrey A. ColeDirector √ √

1.000 shares as at

30/09/10

Marco Jesi Director √ √

10.000shares as at

30/09/10

Eugenio RanzelliDirector √ √

Massimiliano Tabacchi Director √

12.090 shares as at

30/09/10

Corporate GovernanceRelevant Shareholders

As at May 10, 2010

HAL Holding NV(through its subsidiary Multibrands Italy B.V.)

37.23%

Only 3T S.p.A. 10.02%

FIL Limited 2.02%

Market 50.73%

Audit company: PriceWaterHouseCoopers

Press Officepressoffice@safilo.com - Tel.:+39 049 6985459

Company Profile

Licensed BrandsHouse Brands

SUBSIDIARIESTHE AMERICAS

Latin AmericaBrasil

CanadaMexico

Usa

SUBSIDIARIESEUROPE

AustriaBelgium

DenmarkEstoniaFinlandFrance

GermanyGreece

UKItaly

LatviaLithuania

NorwayNetherlandsPortugalCzech Rep.Slovenská RepRussiaSlovenijaSpainSwedenSwitzerlandHungary

SUBSIDIARIESASIA PACIFIC

ChinaSouth KoreaHong Kong

IndiaJapan

MalaysiaSingapore

SUBSIDIARIESREST OF THE WORLD

AustraliaSouth Africa

SAFILO SPORT

ItalyUsa

PRODUCTION FACILITIES

S. Maria di Sala (div. R&S)Salt Lake City (USA)Suzhou (RPC)LongaroneMartignaccoOrmoz (SLO)

The Safilo Group has 32 commercial subsidiaries and a network of 170 indipendent distributors ableto reach 80,000 selected sales outlets all over the world.

Press Officepressoffice@safilo.com - Tel.:+39 049 6985459