Eni

Regulatory Filings • Oct 28, 2016

2016 Q3 results

28 October 2016

www.eni.com

2016 CFFO coverage of capex @ 50 \$/bbl

Scenario

Q3 start-ups and main ramp ups

280 kboed from ramp-ups and start-ups in 2016

E&P production and ebit

2016 production target ~ 1.76 Mboed

Downstream consolidating the turnaround

Refining breakeven at 4.2 \$/bbl Chemical FCF positive

2015 refining margin scenario after hedging

Group economic performance

Group cash generation