ENI S.p.A. (E)

COMPENSATION OF THE REPRESENTATIVE OF THE COURT OF ACCOUNTS AS FINANCIAL CONTROLLER OF ENI

To the Shareholders:
pursuant to the current legislation, as confirmed by Decision No. 466/1993 of the Constitutional Court, the Court of Accounts, pursuant to Law No. 259 issued on March 21, 1958, exercises the financial control of Eni’s operations. According to said law, the entities to the functioning of which the Italian State contributes ordinarily, as Eni SpA, are subject to said control.

- 8 -

Table of Contents

In order for the Court of Accounts to exercise such control, a representative of the Court of Accounts attends the meetings of the Board of Directors, the Audit Committee and the Board of Statutory Auditors of Eni without the right to vote.

At present, the Magistrate receives a compensation of euro 1,000 for the participation in each meeting of the Board of Directors, the Board of Statutory Auditors and of the Board Committees, in addition to the reimbursement of the expenses incurred because of the office.

To the Shareholders:
You are invited to set the compensation for the representative of the Court of Accounts as financial controller of Eni.

The Chairman of the Board of Directors
Mr. Roberto Poli

- 9 -