Corporate Governance Code and Eni solutions

By means of the resolution dated April 26, 2012, the Board of Directors completed the adherence to the new Corporate Governance Code of listed companies of December 2011, through the process started on December 15, 2011 with the adoption of the recommendations on remuneration.

In the same meeting the Board of Directors acknowledged that Eni corporate governance system is consistent with the new recommendations and resolved to carry out the necessary adjustments of Company documents, to ensure the implementation of the recommendations.

The new Corporate Governance Code is available below in an integrated document with the highlights of the solutions adopted by Eni also to improve the corporate governance system and the related reasons.

This document replaces the December 13, 2006 edition of Eni Code to ensure the market, in line with best practices, a simple, transparent and comparable reading of the choices made by the Company.

The Corporate Governance Code, along with the By-Laws, regulates the functions and relations between the management and control bodies of the Company in addition to outlining the general principles of transparency that must be complied with in relations with shareholders and the market, while also describing the primary structures of internal control and risk management system.