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

Core Viewpoint - Ferrari N.V. has announced a share repurchase of 666,666 common shares for a total of Euro 300 million as part of its ongoing share buyback program [1][2]. Group 1: Share Buyback Program - The recent 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 falls within the limits set by the share buyback mandate approved at the April 17, 2024 Annual General Meeting, allowing the purchase of up to 10% of the Company's common shares over an eighteen-month period [2]. Group 2: Financial Details - The transaction will be financed using Ferrari's cash on hand and is expected to settle on March 3, 2025 [1][3]. - The Company will continue to execute the buyback program in line with its Industrial Free Cash Flow generation [3]. Group 3: Regulatory Information - A registration statement on Form F-3 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].