Shareholders' Meeting

Ordinary and Extraordinary Shareholders’ Meetings provides the forum whereby the shareholders can exercise their rights and obligations, in line with current legislation and the company’s by-laws. In particular, the Ordinary Meeting has the power to appoint and dismiss directors, statutory auditors and the external auditors, providing for their compensation, and to approve the company’s financial statements. An Extraordinary Meeting is necessary for the approval of changes to the by-laws and for extraordinary operations, such as capital increases, mergers and demergers.

Ordinary Shareholders' Meetings must be called at least once a year, within 120 days of the end of the financial year, to approve the financial statements, within 120 days. For Eni, this means by 30 April. The exact date is communicated to the market in the financial calendar, which is usually published each year in December.

2010 Annual General Meeting
Eni's Annual General Meeting of Shareholders’, which was held on 29 April 2010, resolved to:

Ordinary part

• approve Eni’s Financial Statements for the year ending 31 December 2009, which show a net profit of €5,060,639,549.44;
• allocate €3,249,436,231.44 of Eni’s 2009 net profit of €5,060,639,549.44, which is the residual amount after the payment of an interim dividend of €0.50 per share resolved by the Board of Directors on 10 September 2009 and paid from 24 September 2009, as follows:
• for the payment of a dividend of €0.50 for each share in circulation, excluding Eni treasury shares, on the ex-dividend date. Taking account of the payment in 2009 of an interim dividend of €0.50 per share, the full dividend proposed for 2009 consequently amounts to €1 per share;
• to allocate the residual net profit, after payment of the dividend, to the Distributable Reserve;
• set the payment date for the 2009 from 27 May 2010, the ex-dividend date being 24 May 2010;
• appoint the auditing firm Reconta Ernst & Young as Independent Auditors for Eni’s financial statements for the period 2010-2018;

Extraordinary part

• approve amendments to articles 1, 4, 12, 14, 15 and 16 of the company’s by-laws as proposed by the Board of Directors. These include the recent changes to shareholders rights introduced in Italy by the recent decree that implements the EU Shareholders Rights Directive.

Eni Shareholders’ Meeting resolved to pay final dividends from 27 May 2010, coupon No. 14, the ex-dividend date being 24 May 2010. Consequently, as of this date, Eni shares will be traded without the right to the payment of the 2009 final dividend.