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

Maranello (Italy),  December 12, 2023 – 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)		(€)	(€)		($)	($)	(€)*		(€)*	(€)*
04/12/2023	5,554	326.9937	1,816,123.01	9,883	354.1007	3,499,577.22	3,220,074.73	15,437	326.2420	5,036,197.74
05/12/2023	4,996	332.0230	1,658,786.91	-	-	-	-	4,996	332.0230	1,658,786.91
06/12/2023	4,822	337.9185	1,629,443.01	-	-	-	-	4,822	337.9185	1,629,443.01
07/12/2023	4,788	338.0269	1,618,472.80	-	-	-	-	4,788	338.0269	1,618,472.80
08/12/2023	4,791	338.8484	1,623,422.68	-	-	-	-	4,791	338.8484	1,623,422.68
11/12/2023	4,668	343.6602	1,604,205.81	-	-	-	-	4,668	343.6602	1,604,205.81
	29,619	335.9484	9,950,454.22	9,883	354.1007	3,499,577.22	3,220,074.73	39,502	333.4142	13,170,528.95
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 December 11, 2023, the total invested consideration has been:

• Euro 39,842,435.71 for No. 120,862 common shares purchased on the EXM
• USD 13,798,053.69 (Euro 12,621,920.13*) for No. 38,088 common shares purchased on the NYSE.

As of December 11, 2023, the Company held in treasury No. 13,417,692 common shares equal to 5.22% 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 December 11, 2023, the Company has purchased a total of 2,493,234 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 611,661,116.99.

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 Relationstel.: [phone]

Email: [e-mail]

Attachment

• FNV BB PR 12 December 2023 ENG