Ferrari Multi-Year Share Buyback Program

Ferrari is actively executing a multi-year share buyback program, initially announced in December 2025 and further detailed during its 2025 Capital Markets Day, with a total expected value of approximately Euro 3.5 billion by 2030. The first tranche of this program, valued at Euro 250 million, was completed by April 9, 2026, with purchases made on both Euronext Paris and New York Stock Exchange. Following the completion of the first tranche, Ferrari announced a second tranche, also for up to Euro 250 million, which commenced on April 13, 2026, and is expected to conclude by August 28, 2026. This second tranche involves a non-discretionary buyback agreement for up to Euro 200 million on Euronext Paris and an additional mandate for up to Euro 50 million on the New York Stock Exchange. Regular updates are being provided on the progress of the second tranche, detailing daily share purchases and the total invested consideration. As of April 24, 2026, Ferrari held 9.03% of its total issued common shares in treasury.