Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary

Ferrari N.V. provides an update on its Euro 350 million share buyback program, part of a larger multi-year program. The company has purchased a total of 3,007,197 own common shares on the Euronext Milan and NYSE, amounting to Euro 794,058,143.88 in total consideration. As of April 12, 2024, Ferrari holds 13,831,301 common shares in treasury, representing 5.38% of the total issued share capital.

Maranello (Italy),  April 15 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth 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 “Fourth 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   (€)
08/04/2024	EXM	3,870	390.2155	1,510,133.99
09/04/2024	EXM	3,852	385.7892	1,486,060.00
10/04/2024	EXM	3,889	389.1578	1,513,434.68
11/04/2024	EXM	3,837	388.8160	1,491,886.99
12/04/2024	EXM	3,890	390.4649	1,518,908.46
Total	-	19,338	388.8936	7,520,424.12

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

Since the announcement of such Fourth Tranche till April 12, 2024, the total invested consideration has been:

• Euro 171,319,099.51 for No. 497,223 common shares purchased on the EXM
• USD 54,391,165.62 (Euro 49,994,518.23*) for No. 140,501 common shares purchased on the NYSE.

As of April 12, 2024, the Company held in treasury No. 13,831,301 common shares equal to 5.38% 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 April 12, 2024, the Company has purchased a total of 3,007,197 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 794,058,143.88.

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 15 April 2024 ENG

How much has Ferrari invested in common shares under the buyback program?

Ferrari has invested Euro 171,319,099.51 for 497,223 common shares on the Euronext Milan and USD 54,391,165.62 (Euro 49,994,518.23*) for 140,501 common shares on the NYSE.

What is the total number of own common shares purchased by Ferrari under the buyback program?

Ferrari has purchased a total of 3,007,197 own common shares on the Euronext Milan and NYSE since the start of the multi-year program.

Where can detailed information about Ferrari's buyback program transactions be found?

Detailed information about Ferrari's buyback program transactions can be found on Ferrari's corporate website under the Buyback Programs section.