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Meetings and Attendance

The Statutory Auditors and Directors are simultaneously provided with documentation of the issues on the agenda to be discussed at the Board of Directors meeting, and the Board of Directors and CEO shall report - at least every quarter or, in any case, during the Board meetings - on the activities performed and on the most significant economic, financial and asset-related transactions effected by the Company and its subsidiaries, in addition to a comprehensive statement on the transactions carried out with related parties, pursuant to article 23.3 of the By-laws.

In compliance with the specifications of the Eni Code and the Management System Guideline, "Transactions involving interests of Directors and Statutory Auditors and transactions with related parties", the Statutory Auditors must inform the Board of Directors and the other Statutory Auditors of any personal or third-party interests they hold in relation to any given operation of the Company.

The meetings of the Board of Statutory Auditors may also be held via video or teleconferencing.

The Board of Statutory Auditors met 20 times during the course of 2010. The meetings lasted roughly 4 hours on average. During 2010, an average of 91% of the members attended the meetings of the Board of Statutory Auditors, while 91% on average attended the Board of Directors meetings.

(*) Appointed by the minority list.
(a) Including Eni S.p.A.
(b) Including listed companies.