Ferrari N.V. (NYSE/MTA: RACE) today renewed the company-specific collective labor agreement (CCSL), which expired 31 December
2018, with the trade unions FIM-CISL, UILM-UIL, FISMIC, UGLM and AQCFR. The agreement, which is valid for the four-year period
2019-2022, applies to all the employees of the Ferrari Group in Italy.
The agreement provides an increase in contractual compensation, an enhancement to the company’s benefits system
and the completion of the system of representation.