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Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program

1. Ferrari bought 666,666 shares for €299.99 million in recent buyback. 2. The buyback is part of a €2 billion program initiated in 2022. 3. Ferrari now holds 8.73% of its total shares in treasury. 4. Total shares bought back since July 2022 amount to nearly €1.62 billion. 5. Details of the buyback are available on Ferrari's corporate website.

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Why Bullish?

The continuation of share buybacks supports share value and shareholder confidence, which may boost RACE's price similarly to past buybacks that led to positive market reactions.

How important is it?

The stock buyback program indicates strong financial health and a commitment to increasing shareholder value, key factors that enhance investor confidence in RACE.

Why Short Term?

Positive sentiment from share buybacks usually has immediate effects on stock prices, as seen historically in companies with consistent buyback programs.

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EXORFCAU
Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the “Transaction”). The Transaction constituted the seventh tranche (the “Seventh Tranche”) of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 2022 Capital Market Day (the ”Program”) and it settled on March 3, 2025. As of March 6, 2025, following the completion of the Seventh Tranche, the Company held in treasury No. 15,785,877 common shares equal to 8.73% 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. From the start of the Program, on July 1, 2022, until March 6, 2025, the Company has purchased a total of 4,963,113 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,622,735,677.17. 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). FNV - BuyBack PR March 7 2025 ENG Final

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