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COMMENTS FROM ENI'S SPOKESPERSONS

● PRICE SENSITIVE

Eni has been acquitted in the investigation into the "Measure gas" proceedings by the Court of the Third Instance

San Donato Milanese, 5 July 2013 – Eni informs that the Court of the Third Instance definitively confirmed the judgment of "no case to answer", issued on 28 June 2012 by the GUP of Milan because the event did not constitute a crime, rejecting the appeal of the Prosecutor of Milan.

The decision specifically refers to "Excise duty" which relates to the "Measure gas" proceedings. These proceedings were initiated following an objection in 2010 regarding elements of an alleged tax offence. The offence concerned "violations pertaining to recognition and payment of the excise on mineral oils at an amount of about €0.47bn and €1.3bn".

Nine current and former employees of Eni were investigated, including the General Managers of the Gas & Power Division at that time.

On 11 February 2013 the Court of the Third Instance confirmed, in a definitive order relating to Eni, the judgment of "no case to answer" previously made by the GUP of Milan on 24 January 2012 in relation to another part of the "Measure gas” proceedings.

In these proceedings 12 current and former employees of Eni were investigated, including two General Managers. The investigation followed a dispute filed in 2009 by the Public Prosecutor of Milan. The dispute concerned, among others, payment of, and/or violations pertaining to excise duty and hindering the ability of the supervisory authority within the company’s activities in the measurement and sale of natural gas.

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