Shareholders' Meeting Competencies

Ordinary and Extraordinary Shareholders' Meetings provides the forum whereby the shareholders can exercise their rights and obligations, in line with current legislation and the company's by-laws. In particular, the Ordinary Meeting has the power to appoint and dismiss directors, statutory auditors and the external auditors, providing for their compensation, and to approve the company's financial statements. An Extraordinary Meeting is necessary for the approval of changes to the by-laws and for extraordinary operations, such as capital increases, mergers and demergers.

Ordinary Shareholders' Meetings must be called at least once a year, within 180 days of the end of the financial year, to approve the financial statements, given that Eni is required to draw up consolidated financial statements. The exact date is communicated to the market in the financial calendar, which is usually published each year in December.