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

Rhea-AI Summary

Ferrari N.V. has provided an update on its Euro 350 million share buyback program, detailing the purchase of additional common shares under the fourth tranche. The company has bought a total of 19,367 common shares on the Euronext Milan and NYSE, amounting to Euro 7,545,344.82. Since the start of the multi-year buyback program in 2022, Ferrari has purchased a total of 3,026,564 own common shares for Euro 801,603,488.70, holding 5.39% of the total issued share capital as of April 19, 2024.

Maranello (Italy),  April 22 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   (€)
15/04/2024	EXM	3,856	392.3434	1,512,876.15
16/04/2024	EXM	3,920	386.4868	1,515,028.26
17/04/2024	EXM	3,833	391.8184	1,501,839.93
18/04/2024	EXM	3,853	389.0851	1,499,144.89
19/04/2024	EXM	3,905	388.3369	1,516,455.59
Total	--	19,367	389.5980	7,545,344.82

(*) 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 19, 2024, the total invested consideration has been:

• Euro 178,864,444.33 for No. 516,590 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 19, 2024, the Company held in treasury No. 13,850,668 common shares equal to 5.39% 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 19, 2024, the Company has purchased a total of 3,026,564 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 801,603,488.70.

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 22 April 2024 ENG

FAQ

How many common shares has Ferrari purchased under the fourth tranche of the buyback program?

Ferrari has purchased a total of 19,367 common shares under the fourth tranche of the buyback program.

What is the total consideration for the common shares purchased on the Euronext Milan and NYSE?

The total consideration for the common shares purchased on the Euronext Milan and NYSE is Euro 7,545,344.82.

What percentage of the total issued share capital does Ferrari hold as of April 19, 2024?

As of April 19, 2024, Ferrari holds 5.39% of the total issued share capital.

Where can detailed information about the buyback program transactions be found?

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