Share Repurchase Update

Capital‑market activity continued with Ferrari N.V.’s share‑buyback program. On January 5 2026, the second tranche added 44,782 common shares at an average price of €293, bringing the total program investment to €303.6 million and the cumulative shares acquired to 1,027,264. The company holds 17,561,490 treasury shares, equivalent to 9.06 % of issued common shares, a move aimed at returning value to shareholders and optimizing the capital structure.