INVESTOR RELATIONS

Analyst Coverage

Disclaimer

Eni is followed by the analysts at the brokerage firms listed below. The list may not be complete and is subject to change. Please note that any opinions, estimates or forecasts regarding Eni's performance made by the analysts at these brokerage firms are theirs alone and may differ in whole or in part from those of Eni or its management. Eni does not by its reference below imply, and expressly disclaims, any endorsement of any reports, including conclusions or recommendations, provided by these analysts.

Research reports on Eni are generally available on the Borsa Italiana web site within 60 days after publication.

BROKER	ANALYST	TARGET PRICE	RECOMMENDATION	DATE
Banca Akros	Dario MICHI	€ 18.00	HOLD	31/07/09
Banca IMI	Roberto RANIERI	€ 27.20	ADD	30/10/09
Barclays Capital	Tim WHITTAKER	€ 26.00	OVERWEIGHT	15/02/10
Cheuvreux	Jean-Charles LACOSTE	€ 20.00	OUTPERFORM	15/03/10
Citi	David J THOMAS	€ 21.00	BUY	11/01/10
Collins Stewart	Gordon GRAY	€ 17.00	HOLD	03/08/09
Credit Suisse	James NEALE	€ 15.20	UNDERPERFORM
Credit Suisse	James NEALE	€ 15.20	UNDERPERFORM	03/11/09
Daiwa	David STEDMAN	€ 17.00	HOLD	13/06/09
Deutsche Bank	Lucas HERRMANN	€ 17.00	HOLD	12/02/10
DnB NOR Markets	Gudmund Halle Isfeldt	€ 18.00	HOLD	07/09/09
Equita S.I.M. S.p.A.	Domenico GHILOTTI	€ 23.00	BUY	22/01/09
Exane BNP Paribas	Irene HIMONA	€ 18.50	UNDERPERFORM	15/02/10
Goldman Sachs	Michele DELLA VIGNA	€ 20.00	NEUTRAL	18/03/10
Hsbc	Paul SPEDDING	€ 20.00	OVERWEIGHT	18/03/10
Ibersecurities	Jean-Baptiste BRUNY	€ 27.00	BUY	12/07/08
ICAP Securities	Colin Smith	€ 18.00	SELL	29/10/09
Ing Wholesale Banking	Jason KENNEY	€ 20.45	BUY	16/02/10
Intermonte	Paolo CITI	€ 20.00	OUTPERFORM	15/02/10
JP Morgan	Nitin SHARMA	€ 25.00	IN-LINE	03/08/09
Kbc	Antoine LEURENT	€ 27.00	ACCUMULATE	21/05/07
Kepler-Equities	Roberto MASCARELLO	€ 20.70	BUY	03/12/09
Macquarie Securities	IAIN REID	€ 17.50	NEUTRAL	15/03/10
Merrill Lynch	Alejandro DEMICHELIS	€ 19.40	NEUTRAL	12/02/10
MF Global	Neill MORTON	€ 20.00	BUY	27/01/09
Morgan Stanley	James HUBBARD	€ 18.00	UNDERWEIGHT	12/02/10
Natixis	Anne PUMIR Catherine LEVEAU	€ 17.00	REDUCE	15/02/10
Nomura	Alastair SYME	€ 21.60	BUY	15/02/10
Royal Bank of Scotland	Barry MACCARTHY	€ 19.50	HOLD	22/01/10
Sanford Bernstein	Neil MCMAHON Oswald CLINT	€ 22.00	OUTPERFORM	16/02/10
Santander	Sandra BOENTE	€ 22.50	BUY	23/02/09
Simmons & Company	Robert KESSLER	NA	NEUTRAL	18/11/09
Société Générale	Aymeric De VILLARET	€ 17.00	HOLD	15/03/10
Ubs	Jon RIGBY	€ 18.00	NEUTRAL	15/03/10
UniCredit	Sergio MOLISANI	€ 19.00	HOLD	12/02/10