FERRARI N V

Ticker: RACE CUSIP: N3167Y103 Class: COM

Ancient Art, L.P.'s Holding History (CIK: 0001426749)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 548,766 Value ($000) $31,905 Avg Close $54.54 Range $50.39 - $58.86

Q3 2016

Shares 600,585 Value ($000) $31,152 Avg Close $46.58 Range $38.80 - $52.18

Q2 2016

Shares 536,385 Value ($000) $21,954 Avg Close $42.47 Range $38.71 - $46.55

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	548,766	$31,905	$54.54	$50.39 - $58.86
Q3 2016	600,585	$31,152	$46.58	$38.80 - $52.18
Q2 2016	536,385	$21,954	$42.47	$38.71 - $46.55