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Ferrari N.V.

Transaction in Own Shares Apr 2, 2024

4513_iss_2024-04-02_afe98dd3-59c5-43f6-a7cc-66b89a95fff6.pdf

Transaction in Own Shares

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

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
Total 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

(*) 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.

Registered Office: Via Abetone Inferiore N. 4, I – 41053 Maranello (MO) Italy Dutch trade registration number: 64060977

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).

For further information: Media Relations tel.: +39 0536 949337 Email: [email protected]

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