Audit firm

Company auditing is entrusted, in accordance with the law, to an Audit Firm whose appointment falls under the competency of the Shareholders' Meeting following a reasoned opinion of the Board of Statutory Auditors.
On the date set for the approval of financial statements at 31 December 2009 the mandate conferred to PricewaterhouseCoopers S.p.A. by the Shareholders' Meeting of 1 June 2001, subsequently renewed by the Shareholders' Meeting on 28 May 2004 and extended by the Shareholders' Meeting on 24 May 2007, finally lapsed.

Under Board of Statutory Auditors' motivated proposal, the Shareholders' Meeting of 29 April 2010 approved the conferral of the following assignments for Eni S.p.A.'s financial statements to Reconta Ernst & Young S.p.A. for the period 2010-2018:

2. to audit the company financial statements;

3. to audit the consolidated financial statements;

4. to verify, during the course of the financial period, that the Company's accounts are regularly kept and the management events are correctly entered in the accounts;

5. to perform a limited audit for the six-monthly financial report;

6. to verify Form 20-F.

The Partner responsible for the mandate is Mr. Riccardo Schioppo.
For the above indicated auditing activities on Eni S.p.A., Reconta Ernst & Young S.p.A. proposed fees for 2010-2018 for a total of Euro 20,346,714, divided as follows:

Moreover, under Saipem S.p.A. and Snam Rete Gas S.p.A. Board of Statutory Auditors' motivated proposal, the respective Shareholders'Meetings approved the auditing of company financial statements conferral to Reconta Ernst & Young S.p.A. for the period 2010-2018.
Reconta Ernst & Young S.p.A. has also assumed the same auditing engagement for subsidiaries of Eni S.p.A., Saipem S.p.A. and Snam Rete Gas S.p.A..

Finally, the Audit Firm Reconta Ernst & Young will also perform additional activities, according to the means prescribed by document no. 600 of the Auditing Principles; this involves the assumption of full responsibility on the part of the auditing firm for the work eventually performed on the financial statements audited by other auditors. With the assumption of this responsibility, Reconta Ernst & Young, in its report on the consolidated financial statement, shall undertake the role and responsibility of Sole Auditor of the Eni's Group.
The overall proposal of the Audit Firm thus concerns, in addition to Eni S.p.A., other 397 companies of Eni's Group and is structured as follows:

(amounts in euro)

The "Regulations relative to the auditing of financial statements", approved by the Board of Statutory Auditors and the Board of Directors – following the favourable opinion of the Internal Control Committee – contains the general principles of reference pertaining to: the granting and revocation of the mandate; relations between the primary Auditor of the Group and secondary Auditors; independence of the audit firm and causes for incompatibility; reporting responsibilities and obligations of the audit firm; and the regulation of information flows to the Company, Consob and the SEC. In order to protect the independent nature of the Auditors, a monitoring system of "non-audit" tasks has been created where, in general, the entrusted audit firm, and the companies of the latter's network, are not assigned tasks that differ from the audit mandate, with the exception of rare and justified exceptions pertaining to activities that are not prohibited by Italian legislation or the Sarbanes-Oxley Act. These tasks are approved by the Board of Directors of the affected company following consultation with the Board of Statutory Auditors of the same company; they are then authorized by the Board of Statutory Auditors of Eni in the case that the tasks do not fall under those specified by specific legal or regulatory norms. The Board of Statutory Auditors of Eni is, in any case, periodically informed of the tasks which are entrusted to the audit firm by the companies of the Group.
Reports of the Audit Firm which contain the opinion expressed on the financial statements of the Company are available in the Documentation section of the website.