An executive director should not hold the position of:

• executive director in any other Italian or foreign listed company, or in any finance, banking or insurance company or any company with a net equity exceeding €10 billion and
• non-executive director or statutory auditor (or member of any other advisory committee) in more than three of said companies;

a non-executive director, apart from the positions held in Eni, should not hold the position of:

• executive director in more than one of the companies mentioned above and non-executive director or statutory auditor (or member of any other control body) in more than three of the mentioned companies, or as
• non-executive director or statutory auditor in more than six of the mentioned companies.

All the positions held in Eni's subsidiaries are excluded for the purposes described above.

In case a director exceeds said limits in terms of positions held, he should timely inform the Board, who shall judge the situation taking into account the interest of the Company and call upon the interested director to make a decision on the matter. In any case, before accepting the office of director or statutory auditor (or member of any other control entity) of a company not related to Eni, the executive director informs the Board of Directors that evaluates its compatibility with his office at Eni and the interests of Eni.

The rule referred to the CEO applies also to the Chief Operating Officers.
On the basis of available information, in its meeting of February 26, 2009, the Board of Directors in charge verified that the number of positions held in other companies complies with these limits.

(*) Appointed by the minority list.