FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Rhea-AI Summary

Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program under the recently announced Euro 150 million sixth tranche. This tranche is part of a larger Euro 2 billion multi-year buyback program set to run through 2026.

On February 3-4, 2025, Ferrari purchased 18,066 common shares on the Euronext Milan (EXM) at an average price of €407.8522, totaling €7,368,258.60. Since the sixth tranche announcement, the company has invested:

• €110,245,851.80 for 265,082 shares on EXM
• $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE

As of February 7, 2025, Ferrari held 15,058,510 treasury shares, representing 5.86% of total issued share capital. Since the program's inception on July 1, 2022, Ferrari has purchased 4,235,746 shares across EXM and NYSE, with a total investment of €1,293,451,938.24.

Maranello (Italy), February 10, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Sixth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees (€)
03/02/2025	EXM	16,562	407.6029	6,750,719.70
04/02/2025	EXM	1,504	410.5977	617,538.90
Total	-	18,066	407.8522	7,368,258.60

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Sixth Tranche till February 7, 2025, the total invested consideration has been:

• Euro 110,245,851.80 for No. 265,082 common shares purchased on the EXM
• USD 10,969,297.64 (Euro 10,469,630.39*) for No. 25,020 common shares purchased on the NYSE.

As of February 7, 2025, the Company held in treasury No. 15,058,510 common shares equal to 5.86% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.

Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until February 7, 2025, the Company has purchased a total of 4,235,746 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,293,451,938.24.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com

Attachment

• FNV BB PR 10 February 2025 ENG

FAQ

How many shares has Ferrari (RACE) purchased in its latest buyback transaction?

Ferrari purchased 18,066 common shares on February 3-4, 2025, on the Euronext Milan (EXM) at an average price of €407.8522 per share.

What is the total value of Ferrari's (RACE) current share buyback program?

The current sixth tranche is worth €150 million, part of a larger €2 billion multi-year share buyback program expected to be executed by 2026.

How many treasury shares does Ferrari (RACE) currently hold?

As of February 7, 2025, Ferrari held 15,058,510 treasury shares, representing 5.86% of the total issued share capital.

How much has Ferrari (RACE) spent on buybacks since July 2022?

Since July 1, 2022, Ferrari has invested €1,293,451,938.24 to purchase 4,235,746 common shares on both EXM and NYSE.

What is the progress of Ferrari's (RACE) sixth tranche buyback program?

Under the sixth tranche, Ferrari has invested €110,245,851.80 for EXM purchases and €10,469,630.39 for NYSE purchases as of February 7, 2025.