Enel

AGM Information • Apr 15, 2016

REPORT OF THE BOARD OF DIRECTORS ON THE FOURTH ITEM OF THE AGENDA OF THE ORDINARY MEETING

Determination of the remuneration of the regular members of the Board of Statutory Auditors

Dear Shareholders,

You have been called to discuss and resolve upon the determination of the remuneration of the regular members of the Board of Statutory Auditors, which this Meeting is called to appoint in a separate and preceding item of the agenda.

According to Article 2402 of the Italian Civil Code and to Article 25.1 of the Corporate Bylaws, the Shareholders' Meeting which appoints the Board of Statutory Auditors also determines the annual remuneration of the regular Statutory Auditors for their entire term of office.

We remind you that that the remuneration of the Board of Statutory Auditors whose term is expiring was set by the ordinary Shareholders' Meeting of April 30, 2013 at Euro 85,000 per year for the Chairman and Euro 75,000 per year for the other regular Statutory Auditors, in addition to the reimbursement of travel and living expenses incurred in performing the duties of the office.

You are thus requested to determine – on the basis of the proposals made by the Shareholders also during the Meeting – the remuneration of the regular members of the Board of Statutory Auditors.