Oakley Obtains Temporary Restraining Order Against Luxottica Group Barring Them From SellingPatent Infringing Emerald and Ice Lenses

FOOTHILL RANCH, Calif., Nov 26, 2001 — Oakley Inc. (NYSE:OO) announced that in its patent infringement lawsuit filed against Luxottica Group S.p.A (NYSE:LUX) on Nov. 6, 2001, the U.S. District Court for the Central District of California has granted a temporary restraining order against Luxottica for their infringement upon Oakley’s U.S. Patent No. 5,054,902.

The court order restrains and enjoins Luxottica Group, Sunglass Hut International, LensCrafters Inc., and Ray Ban Sun Optics Inc. from making, importing, selling or offering to sell any products in the United States with Emerald (green) or Ice (blue) lenses that infringe upon this particular U.S. Patent.

“We are very protective of our technology and our inventions. With a portfolio of more than 600 patents worldwide we do not take it lightly when other people attempt to duplicate what is legally ours. We believe that the court granting this restraining order in advance of a hearing demonstrates the strength of our patent portfolio,” commented Chief Executive Officer Jim Jannard. Oakley filed the lawsuit against Luxottica Group and the divisions mentioned above in response to Luxottica’s infringement of Oakley’s U.S. Patent No. 5,054,902 that was issued on Oct. 8, 1991. The Patent describes and claims “light control with color enhancement” and protects sunglasses marketed by Oakley with Iridium(R) reflective lens coatings.

Oakley has been marketing and promoting lines of sunglasses with Iridium(R) lenses since 1988.

Oakley: An original, unexpected and innovative world brand. Building on its legacy of market-leading sunglasses, the company offers expanding lines of premium performance footwear, apparel, accessories, watches and prescription eyewear to consumers in more than 70 countries. Trailing-12-month net sales through Sept. 30, 2001 totaled $432.4 million and generated net income of $56.8 million — a 13.1 percent net margin.