Ferrari N.V. Share Repurchase Program Update

Ferrari N.V. announced the completion of the first tranche of its multi-year share buyback program, totaling approximately €250 million. The company has also announced the commencement of a second tranche of the buyback program, also for up to €250 million, which is expected to run from April 13, 2026, to August 28, 2026. This second tranche will be funded by available cash and may include shares repurchased to meet obligations from the company's equity incentive plan. The second tranche consists of two parts: a non-discretionary agreement for up to €200 million on the EXM market and an additional mandate for up to €50 million on the NYSE. These repurchases are in line with the shareholders' meeting resolution authorizing the purchase of up to 10% of the company's common shares.