De Rigo to proceed with termination of its Adr depositary agreement

De Rigo has announced that it will terminate its Adr Depositary Agreement with The Bank of New York as of February 10, 2006.

Following a recent tender offer for outstanding ordinary shares and ADSs of De Rigo by DR 3 Srl, a wholly-owned subsidiary of De Rigo Holding BV, which is wholly owned by the brothers Ennio and Walter De Rigo, De Rigo's Board of Directors and shareholders approved a plan including the termination of the Adr Depositary Agreement, De Rigo's delisting from the New York Stock Exchange and the deregistration of De Rigo's securities under the U.S. securities laws.

De Rigo currently expects its ADSs will cease to trade on the New York Stock Exchange before the February 10 effective date of the termination of the Adr program.