Eni: Resolutions of the Shareholders’ Meeting 2025

Rome,14 May 2025 – The Ordinary and Extraordinary Meeting of Eni’s Shareholders, held today, resolved the following:

(ordinary part)

• to approve the statutory financial statements at December 31, 2024 of Eni S.p.A. which report a net profit amounting to € 6,419,275,358.30 ;
• to allocate the net profit for the period of € 6,419,275,358.30 to the available reserve;
• pursuant to and for the purposes of Art. 114-bis of the Consolidated Law on Financial Intermediation to approve the amendments to the 2023-2025 Long-Term Incentive Plan for the 2025 allocation, under the conditions set forth in the Disclosure Document made available along with the explanatory report of the Board of Directors to the Shareholders’ Meeting, granting the Board of Directors all the powers needed to execute the resolution;
• to authorise the Board of Directors - pursuant to and for the purposes of Art. 2357 of the Italian Civil Code - to proceed with the purchase of treasury shares of the Company, in multiple tranches, for a period up to the end of April 2026, for the purposes referred to in the Explanatory Report of the Board of Directors, within the terms and on the conditions set out below:
  • the maximum number of shares to be purchased is equal to no. 315,000,000 ordinary shares for a total outlay of up to € 3.5 billion;
  • the purchases must be carried out within the limits of distributable profits and available reserves as reported in the most recent regularly approved financial statements. Part of the available reserves or distributable profits will be restricted for accounting purposes, for an amount equal to the purchases of treasury shares made, by attribution to a specific reserve as long as the treasury shares are in the portfolio;
  • the purchases shall be made at a price to be determined on a case-by-case basis, having regard to the procedures selected to execute the transaction and in compliance with any regulatory requirements and current accepted market practices, if applicable, which shall not be more than 10% lower or greater than the official price registered by the Eni S.p.A.’s stock in the trading session of the Euronext Milan, organised and operated by Borsa Italiana S.p.A., on the day before each individual transaction;
  • purchases of treasury shares shall be executed in such a manner as to ensure equal treatment of Shareholders and in compliance with any regulatory requirements and current accepted market practices and specifically:
    • on regulated markets in accordance with the operating procedures established in the rules on the organisation and operation of the markets themselves, which do not permit the direct matching of bids with predetermined offers;
    • with the procedures established by market practices accepted by Consob pursuant to Art. 13 of Regulation (EU) no. 596/2014, if applicable;
    • under the conditions specified in Art. 5 of Regulation (EU) no. 596/2014, as specified in this proposed resolution;

• with reference to the authorisation for the purchase of treasury shares, to confer on the Board of Directors – with the right to delegate to the Chief Executive Officer and to sub-delegate by the same – any power necessary to execute the resolutions referred to in the previous points, taking all actions required, appropriate, instrumental and/or connected with the successful execution of those resolutions, as well as to provide the market disclosure required by legislation, including EU rules, and current accepted market practices that may be applicable;
• in accordance with the Shareholders' Remuneration Policy approved by the Board of Directors of Eni S.p.A. on 26 February 2025:
  • to approve the distribution for and in place of the payment of the dividend relating to financial year 2025 of a sum of € 1.05 per share in tranches in the months of September 2025 (€0.26 per share), November 2025 (€0.26 per share), March 2026 (€0.26 per share) and May 2026 (€0.27 per share), using the available reserves, making use, if necessary or appropriate and in the interest of the Shareholders, of the amount of the revaluation reserve ex Lege 342/2000 within the limits of use subject to resolution by the Extraordinary Shareholders’ Meeting;
  • to delegate the Board of Directors to implement the above resolutions, verifying from time to time the existence of the legal conditions for the purposes of distributing the reserves;
• to approve the first section and to resolve in favour of the second section of the Report on remuneration policy 2025 and remuneration paid in 2024 provided by Art. 123-ter of Consolidated Law on Financial Intermediation;