Rome, March 11, 2010 – Today, the Board of Directors approved Eni’s consolidated financial statements and the draft financial statements of the parent company for the year ended December 31, 2009. Consolidated net profit amounted to €4,367 million and net profit of the parent company amounted to €5,061 million. With respect to Eni’s preliminary results¹ for the year 2009 announced on February 12, 2010, both results take account of an increase to the legal proceedings provision amounting to €250 million, with a corresponding reduction in net profit. This charge relates to the TSKJ consortium matter that is fully disclosed in Eni’s annual report under the section “Legal Proceedings‘ in the notes to the consolidated statements on page 282. This charge, which is recognized as a non-recurring item, does not affect the full-year consolidated adjusted result amounting to €5,207 million as announced in the preliminary results.

The Board of Directors resolved to propose to the Annual Shareholders’ Meeting the distribution of a dividend² amounting to €1.00 per share. Taking into account an interim dividend of €0.50 per share paid in September 2009, a balance amounting to €0.50 per share (€1.00 per ADR³) will be paid on May 27, 2010 to all outstanding shares on the register at the ex-dividend date of May 24, 2010.

The 2009 Annual Report has been released to the public together with this press release and is available on the Eni website www.eni.com. 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 2009 summarized profit and loss account, balance sheet and cash flow statement⁴ of Eni’s group companies and the parent company, and the 2009 fourth quarter consolidated profit and loss and cash flow statement.

The Board of Directors also approved Eni’s 2009 Sustainability Report in which the Company illustrates its commitment to sustainable development in line with international best practice.

The Report on Corporate Governance and shareholding structure, included in the Operating and financial review, provides information about the adoption of the corporate governance code endorsed by the Italian Stock Exchange authority (Borsa Italiana SpA) and the other information requested, has been sent to Borsa Italiana SpA and is now available on Eni’s website, “Corporate Governance‘ section.

(1) The press release on Eni’s preliminary results for the year 2009, published on February 12, 2010, is available on Eni’s website, www.eni.com, section Investor Relations.
(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 2009.
(4) For a reconciliation of summarized Group profit and loss account, balance sheet and cash flow statement with the corresponding statutory statements see the attached Eni’s Annual Report 2009, 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.

* * *

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

* * *

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

* * *

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 77 countries and is Italy’s largest company by market capitalization.