Eni Approves Bond Issue

Eni’s Board of Directors approved the possible issue of one or more bonds, to be placed with institutional investors, with a value up to a maximum aggregate amount of 2 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 16 January 2015.

The bonds will enable Eni to maintain a well-balanced financial structure in terms of short term and medium/long-term debt and average duration of the debt.

The bonds may be listed on one or more regulated markets.

Press Release, January 16, 2014