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Ferrari N.v.: Report on the Share Buyback Related to Granting Share Process

1. Ferrari assigned 113,466 common shares to employees on March 13, 2025. 2. Company bought 47,907 shares at Euro 414.0109 to cover tax liabilities. 3. Ferrari holds 15,720,318 shares in treasury, 8.71% of total issued capital. 4. Total shares bought under buyback program: 5,011,020 shares worth approx. Euro 1.64 billion. 5. The ongoing buyback program initiated in 2022 reflects strong cash management strategy.

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FAQ

Why Bullish?

The active share buyback program indicates robust cash flow and shareholder value focus, similar to successful periods in 2021 when buybacks supported stock price.

How important is it?

The share buyback indicates strategic financial health and potential price appreciation, attracting investor interest.

Why Long Term?

The multi-year buyback program will stabilize stock prices and enhance shareholder value over time, much like historic buybacks seen in mature firms.

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Maranello (Italy), March 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that on March 13, 2025, in the Ferrari Group employees’ granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a “cross order” transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual's taxable income as standard practice (Sell to Cover). As of March 14, 2025, the Company held in treasury No. 15,720,318 common shares equal to 8.71% 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 March 14, 2025, the Company has purchased a total of 5,011,020 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,642,569,697.35. 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 BB PR 17 March 2025 ENG Final

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