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

Rhea-AI Summary

Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the Euro 150 million program announced on December 5, 2024. This represents the sixth tranche of their larger Euro 2 billion multi-year buyback program set to run through 2026.

From January 2-10, 2025, Ferrari purchased 47,120 common shares on the Euronext Milan (EXM) at an average price of €412.4795, totaling €19,436,031.90. Since the sixth tranche began, the company has invested:

• €55,709,289.30 for 132,860 shares on EXM
• $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE

As of January 10, 2025, Ferrari held 14,926,288 treasury shares, representing 5.81% of total issued share capital. Since the multi-year program's start on July 1, 2022, Ferrari has purchased 4,103,524 shares across EXM and NYSE, with a total investment of €1,238,915,375.74.

Maranello (Italy), January 13, 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 (€)
02/01/2025	EXM	6,300	406.8386	2,563,082.90
03/01/2025	EXM	9,758	404.2815	3,944,978.90
06/01/2025	EXM	5,044	409.5433	2,065,736.60
07/01/2025	EXM	7,267	413.2938	3,003,405.80
08/01/2025	EXM	5,423	415.6828	2,254,248.00
09/01/2025	EXM	5,613	419.6884	2,355,711.00
10/01/2025	EXM	7,715	421.1107	3,248,868.70
Total	-	47,120	412.4795	19,436,031.90

(*) 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 January 10, 2025, the total invested consideration has been:

• Euro 55,709,289.30 for No. 132,860 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 January 10, 2025, the Company held in treasury No. 14,926,288 common shares equal to 5.81% 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 January 10, 2025, the Company has purchased a total of 4,103,524 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,238,915,375.74.

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).

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

Attachment

• FNV BB PR 13 January 2025 ENG

FAQ

How many shares has Ferrari (RACE) purchased in January 2025 under its latest buyback program?

From January 2-10, 2025, Ferrari purchased 47,120 common shares on the Euronext Milan (EXM) at an average price of €412.4795, totaling €19,436,031.90.

What is the total value of Ferrari's (RACE) current share buyback program announced in December 2024?

The current share buyback program, announced on December 5, 2024, is valued at Euro 150 million and represents the sixth tranche of a larger Euro 2 billion multi-year program.

How many treasury shares does Ferrari (RACE) hold as of January 10, 2025?

As of January 10, 2025, Ferrari held 14,926,288 treasury shares, representing 5.81% of the total issued share capital.

What is the total amount Ferrari (RACE) has spent on buybacks since July 2022?

Since July 1, 2022, Ferrari has invested €1,238,915,375.74 to purchase 4,103,524 common shares across the EXM and NYSE markets.

When will Ferrari's (RACE) current multi-year share buyback program end?

The multi-year share buyback program of approximately Euro 2 billion is expected to be executed by 2026, as disclosed during the 2022 Capital Markets Day.