Ferrari: Announcement of the Seventh Tranche of the Multi-Year Share Repurchase Program by Participating as a Purchaser in Exor's Accelerated Bookbuild Offering

Core Viewpoint - Ferrari N.V. intends to repurchase up to 10% of Exor's total offering for a maximum of Euro 300 million following Exor's accelerated bookbuild offering, marking the seventh tranche of its multi-year Euro 2.0 billion share buyback program [1][9]. Group 1: Share Buyback Program - The current transaction is part of a multi-year share buyback program of approximately Euro 2.0 billion announced during the 2022 Capital Markets Day [2][9]. - This repurchase will be financed by Ferrari's cash on hand and will not impact its strategic plan or financing capabilities [3][9]. - The sixth tranche of the program, announced on December 5, 2024, has been completed, with a total consideration of Euro 150 million [4][5]. Group 2: Transaction Details - As of February 25, 2025, Ferrari held 15,119,211 common shares in treasury, representing 5.88% of the total issued share capital [5][6]. - From the start of the buyback program until February 25, 2025, Ferrari has purchased a total of 4,296,447 common shares for a total consideration of Euro 1,322,735,977.17 [6]. - The details of the repurchase transactions under the sixth tranche will be disclosed as required by applicable regulations [3]. Group 3: Regulatory Information - A registration statement on Form F-3 relating to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission [7]. - The prospectus for the offering can be accessed for free through the SEC's website [7].