Investor relations

Saipem has adopted a policy of information supporting constant dialogue with institutional investors, the Shareholders and the market in
order to guarantee the timely disclosure of comprehensive information on Company activities, and is limited only by the confidentiality
requirements afforded to certain information. Information for investors, the market and the media is disseminated via press releases, and
periodic meetings with institutional investors, the financial community and the press, in addition to the comprehensive information made
available and constantly updated on the Company website.

Relations with investors and financial analysts are maintained by the Investor Relations Manager, Salvatore Colli. Information of interest is
posted on Saipem’s website ( or can be requested via email from:

Relations with Shareholders are maintained by the Head of the Secretary’s Office. Information of interest to Shareholders is posted on
Saipem’s website or can be requested via email from:

On October 1, 2013, a new function was created, reporting directly to the CEO: the Institutional Relations and Communication department,
headed by Erika Mandraffino, responsible for defining strategies and guidelines for external communication, developing the Company’s
image and maintaining relations with institutional investors at both national and international level.

Every January Saipem discloses to the public and publishes on its website its financial calendar detailing the main financial events for the
current year.

Information pertaining to periodic financial reports, relevant operations and newly-issued corporate governance procedures, is disclosed
immediately to the public also via publication on the website, where all press releases and Shareholders’ notices are also

Saipem’s commitment to providing investors and markets with financial information that is true, comprehensive, transparent, timely and
non-selective is stated in the Code of Ethics, which identifies the values it applies in its business operations and the relations with third
parties: namely, disclosure of complete and clear information, the formal and essential legitimacy of practices by its employees at all levels,
clarity and veracity of its accounting practices in compliance with current legislation and internal procedures.

On December 13, 2010, the Board of Directors approved amendments to the Articles of Association to comply with new legislation relating to
Shareholders’ rights (Law Decree No. 27 of January 27, 2010) and legal audit of accounts (Law Decree No. 39 of January 27, 2010). Further
amendments to the Articles of Association on which the Company must express a choice were approved by the Extraordinary Shareholders’
Meeting convened on May 4, 2011. At their meeting of March 13, 2013, the Board of Directors amended the Articles of Association,
specifically Articles 11, 13 and 19, to reflect the new provisions of Law Decree dated June 18, 2012 (so-called ‘Corrective Decree’) which in
turn amended Law Decree No. 27 of January 27, 2010 (implementing EU Directive on ‘Shareholders’ Rights’). Please refer to the section ‘The
Shareholders’ Meeting’ on page 32.

The documentation relating to the General Shareholders’ Meeting of April 30, 2013 was posted on the Company’s website as
well as information on the share capital and the relevant directions on how to exercise the following Shareholders’ rights: the right to submit
questions prior to the meeting, adding items to the meeting agenda, voting by proxy utilising either the appropriate section of the Company’s
website or delegating the designated representative, methods for the presentation of lists for the appointment of the Management Bodies.
Questions received prior to the Shareholders’ Meeting were answered during the meeting.