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 €150 million program announced on December 5, 2024. This represents the sixth tranche of their approximately €2 billion multi-year buyback program scheduled through 2026.

Between January 20-24, 2025, Ferrari purchased 52,686 common shares on the Euronext Milan (EXM) at an average price of €416.5166, totaling €21,944,594.50. Since the sixth tranche began, the company has invested:

• €90,213,861.10 for 216,049 shares on EXM
• $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE

As of January 24, 2025, Ferrari held 15,009,477 treasury shares, representing 5.84% of total issued share capital. Since the multi-year program's inception on July 1, 2022, Ferrari has acquired 4,186,713 shares across EXM and NYSE, with a total investment of €1,273,419,947.54.

Maranello (Italy), January 27, 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 (€)
20/01/2025	EXM	10,644	422.7682	4,499,944.80
21/01/2025	EXM	10,823	420.3761	4,549,730.80
22/01/2025	EXM	9,819	418.1046	4,105,369.20
23/01/2025	EXM	14,880	410.8195	6,112,994.00
24/01/2025	EXM	6,520	410.5147	2,676,555.70
Total	-	52,686	416.5166	21,944,594.50

(*) 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 24, 2025, the total invested consideration has been:

• Euro 90,213,861.10 for No. 216,049 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 24, 2025, the Company held in treasury No. 15,009,477 common shares equal to 5.84% 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 24, 2025, the Company has purchased a total of 4,186,713 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,273,419,947.54.

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 27 January 2025 ENG

FAQ

How many shares did Ferrari (RACE) buy back between January 20-24, 2025?

Ferrari purchased 52,686 common shares on the Euronext Milan (EXM) at an average price of €416.5166, totaling €21,944,594.50.

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

The current share buyback program (sixth tranche) announced on December 5, 2024, is valued at €150 million, part of a larger €2 billion multi-year program.

How many treasury shares does Ferrari (RACE) hold as of January 24, 2025?

As of January 24, 2025, Ferrari held 15,009,477 treasury shares, representing 5.84% 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 spent €1,273,419,947.54 to purchase 4,186,713 common shares on EXM and NYSE.

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

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