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

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Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its Euro 250 million share buyback program announced on June 28, 2024. This represents the fifth tranche of their multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026. Between November 13-20, 2024, Ferrari purchased 18,671 common shares on the NYSE at an average price of $433.79, totaling $8,099,230.10 (€7,658,668.37). As of November 21, 2024, Ferrari held 14,765,168 treasury shares, representing 5.75% of total issued share capital. Since the program's inception in July 2022, Ferrari has purchased 3,942,404 shares for a total consideration of Euro 1,171,406,136.74.

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Maranello (Italy), November 22, 2024 – 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 June 28, 2024, as the fifth 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 “Fifth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the New York Stock Exchange (NYSE) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees ($)	Consideration excluding fees ($)	Consideration excluding fees (€)
13/11/2024	NYSE	3,414	439.2949	1,499,752.79	1,411,000.84
14/11/2024	NYSE	2,492	441.3673	1,099,887.31	1,044,229.86
15/11/2024	NYSE	4,154	433.3111	1,799,974.31	1,700,816.70
18/11/2024	NYSE	3,698	432.6213	1,599,833.57	1,516,142.50
19/11/2024	NYSE	2,566	428.6108	1,099,815.31	1,039,719.52
20/11/2024	NYSE	2,347	426.0617	999,966.81	946,758.96
Total	-	18,671	433.7866	8,099,230.10	7,658,668.37

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
        
Since the announcement of such Fifth Tranche till November 21, 2024, the total invested consideration has been:

• Euro 199,999,033.02 for No. 484,498 common shares purchased on the EXM (equal to the full amount of the Fifth Tranche to be executed on EXM as announced on June 28, 2024)
• USD 53,551,897.74 (Euro 48,663,031.02*) for No. 116,344 common shares purchased on the NYSE.

As of November 21, 2024, the Company held in treasury No. 14,765,168 common shares equal to 5.75% 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 November 21, 2024, the Company has purchased a total of 3,942,404 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,171,406,136.74.

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 22 November 2024 ENG

FAQ

How many shares did Ferrari (RACE) buy back between November 13-20, 2024?

Ferrari purchased 18,671 common shares on the NYSE between November 13-20, 2024, at an average price of $433.79 per share.

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

The current share buyback program (fifth tranche) announced on June 28, 2024, is valued at Euro 250 million, part of a larger Euro 2 billion multi-year program.

How many treasury shares does Ferrari (RACE) hold as of November 21, 2024?

As of November 21, 2024, Ferrari held 14,765,168 treasury shares, representing 5.75% of the total issued share capital.

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

Since July 2022, Ferrari has spent Euro 1,171,406,136.74 to purchase 3,942,404 common shares on EXM and NYSE.