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

Rhea-AI Summary

Ferrari N.V. announces the purchase of additional common shares under the Euro 350 million share buyback program, part of a larger program totaling Euro 2 billion by 2026. The Company has bought back a significant number of shares on the Euronext Milan and New York Stock Exchange, totaling Euro 157,742,888.02 and USD 49,191,718.46 as of March 28, 2024. Ferrari now holds 13,807,372 common shares in treasury, representing 5.37% of the total issued share capital.

Maranello (Italy),  April 2, 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) and on the New York Stock Exchange (NYSE) as follows:

	EXM			NYSE				Total
Trading	Number of common shares purchased	Average price per share	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees	Consideration excluding fees	Number of common shares purchased	Average price per share	Consideration excluding fees
Date		excluding fees			excluding fees				excluding fees
(d/m/y)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
25/03/2024	3,705	406.1040	1,504,615.32	-	-	-	-	3,705	406.1040	1,504,615.32
26/03/2024	3,683	407.1118	1,499,392.76	4,544	440.0195	1,999,448.61	1,841,960.95	8,227	406.1449	3,341,353.71
27/03/2024	3,650	407.4957	1,487,359.31	-	-	-	-	3,650	407.4957	1,487,359.31
28/03/2024	3,654	404.9263	1,479,600.70	4,581	436.4703	1,999,470.44	1,849,477.80	8,235	404.2597	3,329,078.50
	14,692	406.4095	5,970,968.09	9,125	438.2377	3,998,919.05	3,691,438.75	23,817	405.6937	9,662,406.84
Total

(*) 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 March 28, 2024, the total invested consideration has been:

• Euro 157,742,888.02 for No. 462,300 common shares purchased on the EXM
• USD 49,191,718.46 (Euro 45,200,759.91*) for No. 128,120 common shares purchased on the NYSE.

As of March 28, 2024, the Company held in treasury No. 13,807,372 common shares equal to 5.37% 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 March 28, 2024, the Company has purchased a total of 2,959,893 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 775,688,174.06.

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 2 aprile 2024 ENG

FAQ

How much has Ferrari spent on share buybacks under the Euro 350 million program?

Ferrari has spent Euro 157,742,888.02 on share buybacks under the Euro 350 million program as of March 28, 2024.

What is the total number of common shares purchased by Ferrari under the multi-year share buyback program?

Ferrari has purchased a total of 2,959,893 own common shares on EXM and NYSE under the multi-year share buyback program from July 1, 2022, to March 28, 2024.

How many common shares does Ferrari hold in treasury as of March 28, 2024?

As of March 28, 2024, Ferrari holds 13,807,372 common shares in treasury, representing 5.37% of the total issued share capital.