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

Ferrari (NYSE: RACE) reports purchases under its Euro 250 million first tranche of a multi-year Euro 3.5 billion buyback program.

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Rhea-AI Summary

Ferrari (NYSE: RACE) reports purchases under its Euro 250 million first tranche of a multi-year Euro 3.5 billion buyback program.

From January 5–30, 2026 the company bought 193,200 common shares for a total consideration of €57,632,872.74, and held 16,837,806 treasury shares (8.68% of issued; 9.14% incl. special voting shares).

Positive

First tranche part of a multi-year €3.5B buyback program
Purchased 193,200 common shares through Jan 30, 2026
Total consideration of €57,632,872.74 invested to date

Negative

Treasury holdings represent 8.68% of issued common shares (9.14% incl. special voting)
Company deployed €57.63M cash under the program through Jan 30, 2026

Argus Feb 2 session

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On Feb 2, the day this news came out, RACE closed 0.95% above the previous close.

Data tracked by StockTitan Argus for the Feb 2 session.

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02/02/2026 - 11:57 AM EST

Maranello (Italy), February 2 2026 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on December 16, 2025, as the first tranche of the multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030 in line with the disclosure made during the 2025 Capital Markets Day (the “First 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 (€)
26/01/2026	EXM	11,000	286.0155	3,146,170.50
27/01/2026	EXM	11,000	283.2568	3,115,824.80
28/01/2026	EXM	11,000	280.0248	3,080,272.80
29/01/2026	EXM	11,000	280.1056	3,081,161.60
30/01/2026	EXM	10,500	281.0572	2,951,100.60
Total	-	54,500	282.1015	15,374,530.30

Since the announcement of such First Tranche till January 30, 2026, the total invested consideration has been:

Euro 57,632,872.74 for No. 193,200 common shares purchased on the EXM

As of January 30, 2026 the Company held in treasury No. 16,837,806 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 8.68% of the total issued common shares. Including the special voting shares, the Company held in treasury 9.14% of the total issued share capital.

Since January 5, 2026, start date of the multi-year share buyback program of approximately Euro 3.5 billion announced during the 2025 Capital Markets Day, until January 30, 2026, the Company has purchased a total of 193,200 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 57,632,872.74.

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).

Attachment

FNV BB PR 02 February 2026 ENG

FAQ

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What did Ferrari (RACE) announce about the buyback on February 2, 2026?

Ferrari disclosed purchases under the first tranche of its buyback program. According to the company, the first tranche is Euro 250 million of a multi-year Euro 3.5 billion program announced at 2025 Capital Markets Day.

How many shares did Ferrari (RACE) buy between January 5 and January 30, 2026?

Ferrari purchased 193,200 common shares on EXM and NYSE during that period. According to the company, total consideration for those purchases was €57,632,872.74.

How much has Ferrari (RACE) invested so far in the buyback program as of January 30, 2026?

The company invested €57,632,872.74 in buybacks through January 30, 2026. According to the company, that figure covers purchases on both EXM and NYSE including Sell to Cover transactions.

What percentage of Ferrari (RACE) shares does the company hold in treasury as of January 30, 2026?

As of January 30, 2026 Ferrari held 16,837,806 treasury common shares, equal to 8.68% of issued shares. According to the company, including special voting shares the holding equals 9.14% of issued capital.

What is the size and timeline of Ferrari's (RACE) overall buyback program announced in 2025?

The program is a multi-year plan of approximately Euro 3.5 billion expected to run until 2030. According to the company, the December 16, 2025 announcement set a Euro 250 million first tranche.

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