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DIVIDEND DISTRIBUTION PROPOSAL

1. Ferrari proposes a dividend of €2.986 per share, a 22% increase. 2. Total dividend distribution targets approximately €534 million if approved. 3. AGM is set for April 16, with ex-dates on April 22/23 and payment on May 6.

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Why Bullish?

The marked dividend increase indicates robust financial performance and management confidence. Historical cases, like dividend hikes at blue-chip stocks, have supported share prices through enhanced investor appeal.

How important is it?

While the dividend announcement solidifies Ferrari's commitment to shareholder returns and signals financial strength, its immediate price move may be moderate. The event boosts long-term appeal for yield-focused investors, making it a notable catalyst.

Why Long Term?

A sustainable dividend policy builds long-term investor trust and stabilizes cash flow expectations. Companies that consistently raise dividends tend to attract long-term, income-oriented investors.

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Maranello (Italy), February 20, 2025 - Ferrari N.V. (NYSE/EXM: RACE) (the “Company”) announced today that its Board of Directors intends to recommend to the Company’s shareholders a dividend distribution to the holders of common shares of Euro 2.986 per common share, with an increase of approximately 22% compared to the prior year and corresponding to a total distribution of approximately Euro 534 million. The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 16, 2025. If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22, 2025 on EXM and April 23, 2025 on NYSE, the record date April 23, 2025 on both EXM and NYSE and the payment date May 6, 2025. FNV Dividend Distribution Proposal PR 20.2.25 ENG

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