The Board of Statutory Auditors shall check:

• compliance with the law and Eni's By-laws,
• observance of the principles of correct administration,
• the adequacy of the Company's organizational structure for matters within the scope of its authority, the adequacy of the internal control system and the administrative and accounting system as well as the reliability of the latter in fairly representing the Company's transactions,
• the arrangements for implementing the corporate governance rules foreseen by the Borsa Italiana Code to which the Company adheres,
• the adequacy of instructions conveyed by the Company to its subsidiaries to ensure fulfilment of reporting obligations provided by applicable laws.

The Board of Statutory Auditors drafts a reasoned proposal, to be submitted to the Shareholders' Meeting approval, regarding the engagement to audit the annual and half-year financial statements on an auditing firm entered in the special register and its fee.

In accordance with the Eni Corporate Governance Code , the Board of Statutory Auditors monitors the independence of the auditing firm, verifying both the compliance with the provisions of applicable laws and regulation governing the subject matter thereof, and the nature and extent of services other than the accounting control provided to Eni Group also through entities belonging to the network of the same.

As of 1 June 2005, the Board of Statutory Auditors is responsible for carrying out the role, within the limits established by Italian law, of Audit Committee as required for foreign issuers by the Sarbanes-Oxley Act and by Stock Exchange Commission regulations.

The current Board of Statutory Auditors was nominated by the ordinary Shareholders Meeting of 10 June 2008 for a period of three financial years, up to the date of the shareholders' meeting that will be called to approve the financial statements 2010.