Eni 2008 Consolidated Financial Statements

Rome, March 13, 2009 – Eni's Board of Directors today approved Eni's 2008 consolidated financial statements, which reported net profit of €8,825¹ million and draft financial statements of the parent company Eni SpA, which reported net profit of €6,745 million.
The Board of Directors resolved to propose to the Annual Shareholders' Meeting the distribution of a dividend² amounting to €1.30 per share (pay-out 53%). Taking into account an interim dividend of €0.65 per share paid in September 2008, a balance amounting to €0.65 per share (€1.30 per ADR³) will be paid on May 21, 2009 to all outstanding shares on the register at the ex-dividend date of May 18, 2009.
Holders of ADRs will receive €1.30 per ADR, payable on May 29, 2009 to ADR holders as of May 20, 2009 record date.

Eni's consolidated financial statements and the draft financial statements of the parent company were submitted to the Board of Statutory Auditors and to Eni's external auditors. Enclosed are the summarized profit and loss account, balance sheet and cash flow statement⁴ of Eni's group companies and the parent company.

The Board of Directors also approved Eni's 2008 Sustainability Report in which the Company illustrates its commitment to sustainable development in line with international best practice.

Eni's 2008 Annual Report will be available from April 7, 2009, from the Eni headquarters and on Eni's website www.eni.it , in the section Publications, Reports, in accordance with provisions of art. 2429 of the Italian Civil Code.

1 Attributable to Eni shareholders. This result is the same as the preliminary results announced in February 2009; for details see Eni's Press Release
of February 13, 2009.
2 As a consequence of new tax laws in force from January 1, 2004, dividends are not entitled to a tax credit and, depending on the receiver,
are subject to a withdrawal tax on distribution or are partially cumulated to the receiver's taxable income.
3 On ADR payment date, JPMorgan Chase Bank, N.A. will pay the dividend less the entire amount of a withholding tax under Italian law (currently
27%) to all Depository Trust Company Participants, representing payment of Eni SpA's balance dividend for fiscal year 2008.
4 For a reconciliation of summarized Group profit and loss account, balance sheet and cash flow statement with the corresponding statutory
statements see Eni's Annual Report 2007 and Eni's Interim Consolidated Financial Report as of June 30, 2008, under the section "Financial review".
Summarized Group profit and loss account, balance sheet and cash flow statement will undergo audit procedures by external auditors in order to
express an opinion on consistency between the management discussion on financial results and the consolidated financial statements, in accordance
with art. 2409-ter c.c. and art. 156, of TUF paragraph 4-bis, under section d, as enacted in CONSOB communication 16801, of February 24, 2009.

Eni's Chief Financial Officer, Alessandro Bernini, in his capacity as manager responsible for the preparation of
the Company's financial reports, certifies pursuant to rule 154-bis paragraph 2 of Legislative Decree No.
58/1998, that data and information disclosed in this press release correspond to the Company's evidence and
accounting books and entries.

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Contacts
E-mail: segreteriasocietaria.azionisti@eni.it Investor Relations
E-mail: investor.relations@eni.it
Tel.: +39 0252051651 - Fax: +39 0252031929
Eni Press Office:
E-mail: ufficiostampa@eni.it
Tel.: +39 0252031287 - +39 0659822040

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Eni
Società per Azioni Roma, Piazzale Enrico Mattei, 1
Capital Stock: €4.005.358.876 fully paid
Registro Imprese di Roma, c. f. 00484960588
Tel.: +39-0659821 – Fax: +39-0659822141

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This press release is also available on the Eni web site: www.eni.it.

About Eni
Eni is one of the leading integrated energy companies in the world operating in the oil and gas,
power generation, petrochemicals, engineering and construction industries. Eni is present in 70
countries and is Italy's largest company by market capitalization.