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

Rhea-AI Summary

Ferrari N.V. has purchased additional common shares as part of its share buyback program, totaling Euro 43,525 at an average price of €288.95 per share. The total invested consideration for the third tranche of the program is Euro 36,945,090.10. As of July 21, 2023, the company holds 12,788,240 common shares in treasury, representing 4.98% of the total issued share capital.

Maranello (Italy), July 24, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third 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 “Third 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   (€)
17/07/2023	EXM	8,430	292.7205	2,467,633.90
18/07/2023	EXM	10,036	290.1085	2,911,529.40
19/07/2023	EXM	8,714	288.9317	2,517,750.50
20/07/2023	EXM	9,717	285.7436	2,776,570.70
21/07/2023	EXM	6,628	287.1680	1,903,349.40
Total	-	43,525	288.9566	12,576,833.90

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

Since the announcement of such Third Tranche till July 21, 2023, the total invested consideration has been:

• Euro 36,945,090.10 for No. 127,058 common shares purchased on the EXM;
• USD 33,543,449.97 (Euro 30,450,171.05*) for No. 104,723 common shares purchased on the NYSE.

As of July 21, 2023, the Company held in treasury No. 12,788,240 common shares equal to 4.98% 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 July 1, 2022 until July 21 , 2023, the Company has purchased a total of 1,863,429 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 426,592,516.68.

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 24 July 2023 ENG

FAQ

What is the share buyback program announced by Ferrari?

Ferrari has announced a share buyback program totaling approximately Euro 2 billion, to be executed by 2026.

How many additional common shares has Ferrari purchased in the third tranche?

Ferrari has purchased a total of 43,525 common shares in the third tranche.

What is the average price per share for the common shares purchased?

The average price per share for the common shares purchased is €288.95.

What is the total invested consideration for the third tranche?

The total invested consideration for the third tranche is Euro 36,945,090.10.

What percentage of the total issued share capital does Ferrari hold in treasury?

Ferrari holds 4.98% of the total issued share capital in treasury.