Company: RACE
Filing Date: 2025-02-27
Form Type: SCHEDULE 13D/A
Source: 0000950170-25-029216
Chunk: 0

Company: Ferrari N.V.
Filing Date: 2025-02-27
Form: SCHEDULE 13D/A
Chunk 0
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                                                                    10           0.00 |
| 11                                                                 |                                                                        63,329,575.00 |
| 12                                                                 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions) |
| 13                                                                 |                                                                               35.4 % |
| 14                                                                 |                                                                               HC, CO |

Comment for Type of Reporting Person: Note 1: With respect to item 7 above, each of Exor N.V. ("Exor") and Trust Piero Ferrari participate in the loyalty voting program of Ferrari N.V. ("Ferrari" or the "Issuer"), which enables qualifying common shareholders to hold one special voting share for each common share they hold. Each special voting share is entitled to one vote, therefore attributing, in effect, double voting rights to the associated common share. The special voting shares have only de minimis economic entitlements, in compliance with Dutch law and they are transferrable only in very limited circumstances together with the associated common share. As a consequence of participating in the loyalty voting program, Exor beneficially owns, in addition to the common shares indicated above, 44,435,280 special voting shares of Ferrari. As noted below, Trust Piero Ferrari has the bare ownership of 18,892,160 special voting shares of Ferrari, of which Piero Ferrari has usufruct; such usufruct includes the voting rights of the special voting shares. Note 2: With respect to item 11 above, this includes (i) 44,435,280 Ferrari common shares owned by Exor and (ii) 18,894,295 Ferrari common shares of which Trust Piero Ferrari has bare ownership and Piero Ferrari has usufruct. Exor, Piero Ferrari and Trust Piero Ferrari are party to a Shareholders' Agreement the terms of which are described in Item 6. Note 3: With respect to item 13 above, this percentage does not take into account voting rights arising from the Issuer's loyalty voting program referred to in footnote 1. Taking into account Exor's ownership of special voting shares, Exor's voting power in the Issuer is approximately 36.7%, Piero Ferrari's voting power in the Issuer is approximately 15.6% and in aggregate their voting power in Ferrari is approximately 52.3%. These percentages are calculated as the ratio of (i) the aggregate number of common shares and special voting shares beneficially owned by the Reporting Persons to (ii