FERRARI PARTICIPATED AS A PURCHASER IN EXOR’S ACCELERATED BOOKBUILD OFFERING

Core Points - Ferrari N.V. has announced a share repurchase of 666,666 common shares for a total of Euro 300 million, financed by its cash reserves [1][2][3] - This transaction is the seventh tranche of a multi-year share buyback program totaling approximately Euro 2.0 billion, which was initially announced during the 2022 Capital Markets Day [2] - The buyback program is authorized to purchase up to 10% of the Company's common shares within an eighteen-month period following the April 17, 2024 Annual General Meeting of Shareholders [2] - The transaction is expected to settle on March 3, 2025, and the Company will continue to execute the buyback program in line with its Industrial Free Cash Flow generation [3] Additional Information - A registration statement related to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission on February 26, 2025 [4]