<SEC-DOCUMENT>0001174947-18-000734.txt : 20180507
<SEC-HEADER>0001174947-18-000734.hdr.sgml : 20180507
<ACCEPTANCE-DATETIME>20180507122754
ACCESSION NUMBER:		0001174947-18-000734
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20180430
FILED AS OF DATE:		20180507
DATE AS OF CHANGE:		20180507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENI SPA
		CENTRAL INDEX KEY:			0001002242
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14090
		FILM NUMBER:		18810408

	BUSINESS ADDRESS:	
		STREET 1:		PIAZZALE ENRICO MATTEI 1
		CITY:			ROME ITALY
		STATE:			L6
		ZIP:			00144
		BUSINESS PHONE:		011390659824367

	MAIL ADDRESS:	
		STREET 1:		PIAZZALE ENRICO MATTEI 1
		CITY:			ROME ITALY
		STATE:			L6
		ZIP:			00144
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tv492357_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10"></FONT></P>

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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt; font-variant: small-caps">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 13pt; font-variant: small-caps">________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt"><B>Form
6-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 10">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt; text-transform: uppercase"><B>Report
of Foreign Issuer</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">Pursuant
to Rule 13a-16 or 15d-16 of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">the
Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 10">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">For
the month of April 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt"><B>Eni
S.p.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">(Exact
name of Registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt"><B>Piazzale
Enrico Mattei 1 &mdash; 00144 Rome, Italy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">(Address
of principal executive offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT><FONT STYLE="font-size: 13pt">_________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-indent: 0.5in"><FONT STYLE="font-size: 13pt">(Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">Form
20-F <FONT STYLE="font-family: Wingdings">x</FONT> Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT><FONT STYLE="font-size: 13pt">_________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-indent: 0.5in"><FONT STYLE="font-size: 13pt">(Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2b under the Securities Exchange Act of 1934.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 13pt">Yes
<FONT STYLE="font-family: Wingdings">&#168;</FONT> No  <FONT STYLE="font-family: Wingdings">x</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-indent: 0.5in"><FONT STYLE="font-size: 13pt">(If
&quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U>)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 13pt; text-transform: uppercase"><B>Table
of contents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="width: 0.25in; text-align: justify"><A HREF="#toc_001"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>-</B></FONT></A></TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_001"><FONT STYLE="font-size: 13pt"><B>Press release dated April 5, 2018;</B></FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_002"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>-</B></FONT></A></TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_002"><FONT STYLE="font-size: 13pt"><B>Press release dated April 5, 2018;</B></FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_003"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>-</B></FONT></A></TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_003"><FONT STYLE="font-size: 13pt"><B>Notice of the Shareholders&rsquo; Meeting 2018;</B></FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_004"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>-</B></FONT></A></TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_004"><FONT STYLE="font-size: 13pt"><B>Report of the Board of Directors to the Shareholders&rsquo;
    Meeting;</B></FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_005"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>-</B></FONT></A></TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_005"><FONT STYLE="font-size: 13pt"><B>Press release dated April 6, 2018;</B></FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_006"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>-</B></FONT></A></TD>
    <TD STYLE="text-align: justify"><A HREF="#toc_006"><FONT STYLE="font-size: 13pt"><B>Press release dated April 27, 2018.</B></FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 13pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 13pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorised.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 13pt">Eni S.p.A.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 13pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 13pt">&nbsp;/s/ Vanessa Siscaro</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 13pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 13pt">Name: Vanessa Siscaro </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 13pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 13pt">Title: Head of Corporate </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD STYLE="padding-left: 0.375in"><FONT STYLE="font-size: 13pt">&nbsp;&nbsp;Secretary&rsquo;s Staff Office</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 318.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt">Date: April 30, 2018</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="toc_001"></A><IMG SRC="tv492357_6kimg1.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt"><B>Eni: Board of Directors approves
potential bond issue in USD</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><I>Rome,
5 April 2018 &ndash; </I>Eni's Board of Directors approved today a potential issuance of one or more bonds, to be placed with
institutional investors, with a value up to a maximum aggregate amount of 2 billion US dollars, to be issued in one or more tranches
by 5 April 2019.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">The bonds,
if issued, will enable Eni to pre-fund future financial needs, widen its investor base and 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 or on multilateral trading facilities.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Company Contacts:</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Press Office<I>: </I>Tel. +39.0252031875
&ndash; +39.0659822030</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Freephone for shareholders
(from Italy): 800940924</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Freephone for shareholders
(from abroad): + 80011223456</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Switchboard: +39-0659821</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U>ufficio.stampa@eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U>segreteriasocietaria.azionisti@eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U>investor.relations@eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Web site: <U>www.eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tv492357_6kimg4.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%"><FONT STYLE="font-size: 10pt"><A NAME="toc_002"></A><IMG SRC="tv492357_6kimg1.jpg" ALT=""></FONT></TD>
    <TD STYLE="width: 58%; text-align: right"><IMG SRC="tv492357_6kimg3.jpg" ALT=""><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12"><B>Eni-CDP
Equity: slate of Board of Directors candidates and proposals of resolution for Saipem Shareholders&rsquo; Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><I>San Donato
Milanese (MI) - Roma, 5 April 2018</I> - Eni and CDP Equity, in relation to the Saipem Shareholders&rsquo; Meeting on May 3, 2018,
on single call to resolve, <I>inter alia</I>, the appointment of Board Directors, as required by the current Shareholders&rsquo;
agreement between the companies, will propose a joint slate including the following candidates:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Francesco
                                         Caio,</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Stefano
                                         Cao, </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Maria
                                         Elena Cappello</FONT><FONT STYLE="font-family: Symbol; font-size: 12pt"><SUP>*</SUP></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">,
                                         </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Claudia
                                         Carloni,</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Paolo
                                         Fumagalli</FONT><FONT STYLE="font-family: Symbol; font-size: 12pt"><SUP>*</SUP></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">,
                                         </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Leone
                                         Pattofatto.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">Stefano Cao
is the candidate who possesses the required professional skills to be confirmed as CEO of the company.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">The slate
will be deposited at Saipem within the terms and conditions indicated by the law, Saipem By-laws, the notice of the Shareholders&rsquo;
Meeting and the Shareholders&rsquo; agreement.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">Eni and CDP
Equity will also submit to the Saipem Shareholders&rsquo; Meeting the proposals:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 12pt">-
to appoint Francesco Caio as Chairman of the Board of Directors;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 12pt">-
to confirm the current gross annual remuneration payable to each Director of 60,000 euro, plus reimbursement of expenses incurred
in their role as board members.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">Eni S.p.A.
holds 308,767,968 ordinary shares of Saipem S.p.A. representing 30.542% of the total amount of ordinary shares.&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Symbol; font-size: 13pt"><SUP>*</SUP></FONT>
<FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Candidate which has declared his/her independence requirements
provided under art. 148, paragraph 3, of the legislative decree 58/1998 (&ldquo;T.U.F.&rdquo;), as referred to art. 147-ter paragraph
4 of T.U.F and under art. 3 of the Italian Corporate Governance Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">CDP Equity
S.p.A. holds 126,905,637 ordinary shares of Saipem S.p.A. representing 12.553% of the total amount of ordinary shares.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">Eni S.p.A.
and CDP Equity S.p.A. have entered into a Shareholders&rsquo; agreement related to the ordinary shares of Saipem S.p.A. whose
essential information is available on the websites of Saipem S.p.A. and Consob.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>ENI S.p.A.
Contacts:</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Press Office:
Tel. +39.0252031875 &ndash; +39.0659822030</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Freephone
for shareholders (from Italy): 800940924 </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Freephone
for shareholders (from abroad): + 80011223456</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Switchboard:
+39-0659821&nbsp; </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>ufficio.stampa@eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>segreteriasocietaria.azionisti@eni.com</U></B><U>&nbsp;
</U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>investor.relations@eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Web site:
<U>www.eni.com</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><IMG SRC="tv492357_6kimg4.jpg" ALT=""><FONT STYLE="font-size: 10"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>CDP Equity
S.p.A. Contacts:</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Press Office:
Tel. +39 06 4221.4000 </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>Switchboard:
+39 02 8904.061 </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>info@cdpequity.it</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B><U>ufficio.stampa@cdp.it</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10"><B>Web site: <U>www.cdpequity.it</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 74%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><A NAME="toc_003"></A>Eni S.p.A.</FONT></TD>
    <TD STYLE="width: 26%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Published
    on April 6, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Sede Legale</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Piazzale Enrico Mattei,1 - 00144 Roma</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Capitale sociale Euro 4.005.358.876,00 i.v.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Registro Imprese di Roma, Codice Fiscale 00484960588</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Partita IVA 00905811006, R.E.A. Roma n. 756453</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Sedi secondarie</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Via Emilia, 1 e Piazza Ezio Vanoni, 1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20097 San Donato Milanese (MI)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>




<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="tv492357_6kimg2.jpg" ALT=""></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Notice of Ordinary Shareholders&rsquo; Meeting
2018</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<DIV STYLE="float: left; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Notice
of Ordinary Shareholders' Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Shareholders
of Eni S.p.A. (hereinafter &ldquo;Eni&rdquo; or &ldquo;Company&rdquo;) are hereby invited to attend the Ordinary Shareholders'
Meeting, which will be held in Rome, Piazzale Enrico Mattei, 1, 00144, pedestrian entrance on Passeggiata del Giappone (Piazza
della Stazione Enrico Fermi), on May 10, 2018 at 10:00 a.m. (CET) on single call, to discuss and decide on the following</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Agenda</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Eni
                                         S.p.A. financial statements at December 31, 2017. Related resolutions. Eni consolidated
                                         financial statements at December 31, 2017. Reports of the Directors, of the Board of
                                         Statutory Auditors and of the Audit Firm.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Allocation
                                         of net profit.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Remuneration
                                         report (Section I): policy on remuneration.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Appointment
                                         of the Independent Auditors for the period 2019-2027.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Right
to attend and to vote at the Shareholders' Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Article 83-<I>sexies</I> of Legislative Decree no. 58 of February 24, 1998 (Consolidated Law on Finance, hereinafter &ldquo;T.U.F.&rdquo;)
and Article 13.2 of the By-laws, those entitled to attend and to vote at the Shareholders&rsquo; Meeting are those on behalf of
whom the intermediary - authorized pursuant to applicable regulations - has sent to the Company the statement certifying entitlement
to the relative right, at the end of the seventh trading day prior to the date of the Shareholders&rsquo; Meeting on single call
(April 30, 2018 &ndash; the record date). The statement must be received by Eni by the end of the third trading day prior to the
date scheduled for the Shareholders&rsquo; Meeting (May 7, 2018). The right to attend and to vote in the Shareholders&rsquo; Meeting
remains even if the statement is received by the Company after the deadline indicated above, as long as it is received by the
opening of the Shareholders&rsquo; Meeting. Those who become Shareholders only after the record date shall not be entitled to
attend or vote at the Shareholders' Meeting. Please note that the statement is sent to Eni by the intermediary upon request of
the person entitled to the right. Those entitled to vote are required to give instructions to the intermediary that keeps the
related accounts to send the aforementioned statement to the Company. Any requests for prior notice or fees requested at fulfilling
the duties of the intermediary are not ascribable to the Company. In order to attend the Shareholders&rsquo; Meeting, those holding
shares not yet in dematerialized form shall first deliver these shares to an authorized intermediary, who will have them dematerialized
in the Central Depository System, and shall then request the above-mentioned statement of attendance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Right
to ask questions prior to the Shareholders&rsquo; Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Article 127-<I>ter</I> of the T.U.F., those entitled to vote may ask questions on items on the agenda prior to the Shareholders&rsquo;
Meeting: the questions must be received by the Company no later than on May 7, 2018; the Company does not guarantee an answer
to the questions received after that deadline. The questions may be sent: a) by mail to the following address:</FONT></P>
</DIV>
<DIV STYLE="float: right; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Eni
S.p.A.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Segreteria
Societaria </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>(Domande
Assemblea maggio 2018)</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Piazzale
Enrico Mattei, 1</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>00144
Roma &ndash; Italy</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b)
by fax addressed to the Eni Corporate Secretary&rsquo;s Office (Segreteria Societaria) at +39 06 598 22 233, c) by e-mail at the
address <U>segreteriasocietaria.azionisti@eni.com</U>, d) by certified e-mail at the address <U>corporate_sesocorp@pec.eni.com
</U>or e) through the appropriate section of the Company&rsquo;s website. The interested parties must provide the information
and documentation certifying the entitlement to the right, in compliance with the procedures specified on the website. Questions
received by the aforementioned deadline shall be answered: a) prior to the Shareholders&rsquo; Meeting, also through publication
of the answer in the appropriate section of the Company&rsquo;s website. The Company shall provide a single answer to questions
having the same content. No reply is due when the requested information is available in &ldquo;question and answer&rdquo; form
in the appropriate section of the Company&rsquo;s website or when the answer has already been published in that section; b) during
the Shareholders&rsquo; Meeting; an answer is also deemed given during the Shareholders&rsquo; Meeting when set out in the documentation
made available to each attendee who is entitled to vote.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Addition
of items to the agenda of the Shareholders&rsquo; Meeting and proposed resolutions on the items on the agenda</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Article 126-<I>bis</I> of the T.U.F. and in accordance with the provisions of Article 13.1 of the By-laws, Shareholders who,
severally or jointly, represent at least one fortieth of the Eni share capital, may ask, within ten days from the date of publication
of this notice, to add other items to the agenda, specifying the additional proposed items in their request or presenting proposed
resolutions on items already on the agenda. Matters upon which, according to law, the Shareholders&rsquo; Meeting must resolve
upon a proposal of the Board of Directors or on the basis of a project or report of the Board of Directors other than the report
on the items in the agenda, may not be added to the agenda. Requests, together with the statement provided by the intermediary
authorized attesting ownership of Eni shares, are submitted in writing to the Company&rsquo;s registered office by registered
letter with return receipt or by certified email to the address: <U>corporate_sesocorp@pec.eni.com</U>. Moreover, a report on
the proposed issues must be sent to the Company&rsquo;s Board of Directors by the Shareholders requesting the addition of items,
in the same manner and within the same deadline. In any case, proposed resolutions on the items in the agenda may be presented
individually at the Shareholders&rsquo; Meeting by persons entitled to vote. The order in which the items on the agenda will be
put to vote is established by the Chairman of the Shareholders&rsquo; Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Any
further information is available on the Company&rsquo;s website.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>How
to vote by proxy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Article 135-<I>novies</I> of the T.U.F. and Article 14.1 of the By-laws, parties entitled to vote may appoint a</FONT></P>
</DIV>
<DIV STYLE="clear: both"></DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 74%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Eni S.p.A.</FONT></TD>
    <TD STYLE="width: 26%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Published
    on April 6, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Sede Legale</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Piazzale Enrico Mattei,1 - 00144 Roma</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Capitale sociale Euro 4.005.358.876,00 i.v.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Registro Imprese di Roma, Codice Fiscale 00484960588</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Partita IVA 00905811006, R.E.A. Roma n. 756453</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Sedi secondarie</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Via Emilia, 1 e Piazza Ezio Vanoni, 1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20097 San Donato Milanese (MI)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tv492357_6kimg2.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Notice
of Ordinary Shareholders&rsquo; Meeting 2018</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<DIV STYLE="float: left; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">representative
in the Shareholders&rsquo; Meeting, in the manner specified by the law. The proxy may be notified to the Company: a) by mail,
at the following address:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Eni
S.p.A.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Segreteria
Societaria </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>(Delega
Assemblea maggio 2018)</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Piazzale
Enrico Mattei, 1</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>00144
Rome &ndash; Italy</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b)
by fax to Eni Corporate Secretary&rsquo;s Office (Segreteria Societaria) at +39 06 598 22 233, c) by certified email to the following
address: <U>corporate_sesocorp@pec.eni.com</U> or d) through the appropriate section of the Company&rsquo;s website, according
to the procedures specified therein. The proxy and related voting instructions can be revoked at any time. A proxy form is available
on the Company&rsquo;s website and at the Company&rsquo;s registered office.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Shareholders&rsquo;
Representative designated by the Company </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Article 135-<I>undecies</I> of the T.U.F. and Article 14.5 of the By-laws, the Company has designated Mr Dario Trevisan as
the representative to whom Shareholders may confer the proxy free of charge, with voting instructions on all or part of the proposals
on the agenda. In this case, the proxy must be conferred by signing the related proxy form available on the Company&rsquo;s website
or at the Company&rsquo;s registered office. The form must be received by the end of the second trading day prior to the date
scheduled for the Shareholders' meeting (May 8, 2018) at the following address:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Mr
Dario Trevisan</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Viale
Majno, 45</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>20122
Milano &ndash; Italy</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
proxy and related voting instructions can be revoked by the above deadline. The proxy shall not be valid for proposals for which
no voting instructions have been provided.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
any further information, please visit the Company&rsquo;s website. Shareholders&rsquo; Representative is available for further
clarifications at toll-free number 800 134 679 and at the e-mail address <U>rappresentante-designato@pec.it</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>How
to vote by mail</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Articles 127 of the T.U.F. and 140 and following of Consob Issuers&rsquo; Regulation and Article 14.3 of the By-laws, voting
may also be exercised by mail in accordance with the applicable regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
&ldquo;Vote by Mail Form&rdquo;, which is available on the Company's website or at the Company&rsquo;s registered office, may
also be mailed by the Corporate Secretary&rsquo;s Office to any Shareholders who request it, together with the relative envelope.
The &ldquo;Vote by Mail Form&rdquo; &ndash; duly filled in and signed &ndash; must be mailed to the Corporate Secretary&rsquo;s
Office at the following address, and received by May 9 , 2018:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Eni
S.p.A.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Segreteria
Societaria</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>(Voto
per corrispondenza Assemblea maggio 2018)</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Piazzale
Enrico Mattei, 1</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>00144
Roma &ndash; Italy</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
</DIV>
<DIV STYLE="float: right; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
those who wish to use the voting form available on the website, the related procedure for sending the form is specified on the
website. Voting forms received after the specified deadline or which have not been signed shall not be counted in the initial
or the voting quorum of the Shareholders&rsquo; Meeting. The vote by mail is exercised directly by the holder of the voting right
and is exercised separately for each of the resolutions proposed. The vote may be revoked with a written statement notified to
the Company by May 9, 2018, or by way of an express statement issued by the holder during the course of the Shareholders&rsquo;
Meeting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Information
regarding ADRs holders</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Beneficial
Owners of ADRs, listed on the New York Stock Exchange, each ADR representing two Eni ordinary shares, who are recorded in the
Eni ADRs register of Citibank N.A, the ADR Depositary, by April 2, 2018, will be entitled to participate in the Meeting, to delegate
the exercise of their voting right or to exercise votes by mail, after having complied with the deposit and registration requirements
contained in the &ldquo;ADR Deposit Agreement&rdquo;. Beneficial Owners who have taken advantage of the Proxy Vote or Vote by
Mail options are also entitled to attend the Meeting upon written request to be made to Citibank N.A.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Request
for information and the website of the Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Any
further information related to the Shareholders&rsquo; Meeting, in particular concerning the procedures for exercising rights,
can be obtained by visiting the Company&rsquo;s website - www.eni.com - or by writing to the email address <U>segreteriasocietaria.azionisti@eni.com</U>.
In addition, the following numbers may be called:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Toll-Free
                                         Number: 800 940 924 &ndash; from Italy only.</FONT></TD></TR>                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Toll-Free
                                         Number: + 800 112 234 56 &ndash; from outside Italy. </FONT></TD></TR>                                     <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Fax
                                         number: +39 06 598 22 233.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Information
documents</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
documentation concerning the items on the agenda, the full texts of the resolution proposals, together with the explanatory reports
requested by the applicable law, will be available to the public - in accordance with the legal time limits - at the Company&rsquo;s
registered office, at Borsa Italiana S.p.A., at the centralized storage device authorised by Consob called &ldquo;1Info&rdquo;
&ndash; which can be consulted on the website <U>www.1info</U>.it, and on the Company&rsquo;s website <U>www.eni.com</U>, in the
section &ldquo;Shareholders&rsquo; Meeting&rdquo;.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">***</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Any
experts, financial analysts or journalists who wish to be present at the Shareholders&rsquo; Meeting must submit an appropriate
request &ndash; by mail or fax at +39 06 598 22 233 &ndash; to the Eni Corporate Secretary&rsquo;s Office (Segreteria Societaria)
by May 8, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Those
who are entitled to attend the Shareholders&rsquo; Meeting are invited to arrive before the scheduled starting time of the Meeting,
so as to facilitate admission procedures; registration</FONT></P>
</DIV>
<DIV STYLE="clear: both"></DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 74%"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Eni S.p.A.</FONT></TD>
    <TD STYLE="width: 26%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Published
    on April 6, 2018</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Sede Legale</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Piazzale Enrico Mattei,1 - 00144 Roma</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Capitale sociale Euro 4.005.358.876,00 i.v.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Registro Imprese di Roma, Codice Fiscale 00484960588</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Partita IVA 00905811006, R.E.A. Roma n. 756453</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Sedi secondarie</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Via Emilia, 1 e Piazza Ezio Vanoni, 1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20097 San Donato Milanese (MI)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tv492357_6kimg2.jpg" ALT=""></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Notice
of Ordinary Shareholders&rsquo; Meeting 2018</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<DIV STYLE="float: left; width: 48%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">operations
shall be carried out at the venue of the Shareholders&rsquo; Meeting starting from 9:00 a.m. (CET).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>The
Chairman of the Board of Directors</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-align: justify; text-indent: 35.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Emma
Marcegaglia</I></FONT></P>
</DIV>
<DIV STYLE="float: right; width: 48%">
</DIV>
<DIV STYLE="clear: both"></DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-align: justify; text-indent: 35.4pt"><I>&nbsp;</I>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 80%; text-align: left"><P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><A NAME="toc_004"></A>Published on April, 6, 2018, 2018</P></TD><TD STYLE="width: 20%; text-align: right"><IMG SRC="tv492357_6kimg1.jpg" ALT=""></TD>
</TR></TABLE>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;&nbsp;&nbsp;</P>

<DIV STYLE="padding: 1pt 4pt; border: Black 1pt solid">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Eni
S.p.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Ordinary
Shareholders&rsquo; Meeting on May 10, 2018</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>on
single call</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Report
of the Board of Directors</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>on
the items on the agenda</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

</DIV>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The Italian text prevails over the
English translation.</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Eni
S.p.A.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Ordinary
Shareholders&rsquo; Meeting on May 10, 2018</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>on
single call</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Report
of the Board of Directors</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>on
the items on the agenda</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Item
1</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Eni
S.p.A. Financial statements at December 31, 2017. </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Related
resolutions.</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Eni
Consolidated Financial </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Statements
at December 31, 2017.</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Reports
of the Directors, of the Board of Statutory</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Auditors
and of the Audit Firm.</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The document &ldquo;Annual Report at December
31, 2017&rdquo; of Eni S.p.A., which will be available at the Company&rsquo;s registered office as required by law, on the Company&rsquo;s
website, at Borsa Italiana S.p.A. (the Italian Stock Exchange) and at the centralized storage service authorised by Consob called
&ldquo;1Info&rdquo; &ndash; which can be consulted on the website www.1info.it, includes the draft of the financial statements
of Eni S.p.A. and the consolidated financial statements, along with the Report of Directors on operations and the declaration pursuant
to Article 154-<I>bis</I>, paragraph 5 of Legislative Decree No. 58 of February 24, 1998 (Consolidated Law on Finance, hereinafter
&ldquo;T.U.F.&rdquo;). The Reports of the Audit Firm and of the Board of Statutory Auditors will be available to the public together
with the Annual Report.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reference is therefore made to these documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Shareholders,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You are invited to resolve as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<I>to approve the statutory financial
statements at December 31, 2017 of Eni S.p.A., which report a net profit amounting to &euro;3,586,228,088.80.</I>&rdquo;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Item
2 </B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Allocation
of net Profit</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Shareholders,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">in regard to the results achieved, you
are invited to resolve as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&ldquo;to allocate the net profit for
the financial year 2017 of &euro;3,586,228,088.80, of which &euro;2,145,772,035.60 remains following the distribution of the 2017
interim dividend of &euro;0.4 per share, resolved by the Board of Directors on September 14, 2017, as follows:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.7pt; text-align: justify; text-indent: -17.85pt"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><I>1.</I></TD><TD STYLE="text-align: justify"><I>the amount of &euro;27,762,774.05 to the reserve required by Article 6, paragraph 2 of Legislative
Decree no. 38 of February 28, 2005;</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><I>2.</I></TD><TD STYLE="text-align: justify"><I>to Shareholders in the form of a dividend of &euro;0.4 per share owned and outstanding at the
ex-dividend date, excluding treasury shares on that date, and completing payment of the 2017 interim dividend of &euro;0.4 per
share. The total dividend per share for the financial year 2017 therefore amounts to &euro;0.8 per share; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><I>3.</I></TD><TD STYLE="text-align: justify"><I>the payment of the balance of the 2017 dividend in the amount of &euro;0.4 per share, payable
on May 23, 2018, with an ex-dividend date of May 21, 2018 and a record date of May 22, 2018.</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><I>4.</I></TD><TD STYLE="text-align: justify"><I>to the available reserve the amount of net profit remaining after the distribution of the proposed
dividend.&rdquo;</I></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.7pt; text-align: justify; text-indent: -17.85pt"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Item
3</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Remuneration
report (Section I): policy on remuneration</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Remuneration Report has been prepared
on the basis of Article 123-<I>ter</I> of the T.U.F. and of Article 84-<I>quater</I> of the Issuers&rsquo; Regulation.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to Article 123-<I>ter</I>, paragraph
6, of the T.U.F., the Shareholders&rsquo; Meeting shall resolve in favour or against the first section of the Remuneration Report
regarding the Company's policy on the remuneration of the Board of Directors and other managers with strategic responsibilities
and the procedures used to adopt and implement this policy. The resolution is not binding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please refer to the Remuneration Report
approved by the Board of Directors, which will be published in accordance with the deadlines and procedures required by law, as
well as on the Company&rsquo;s website.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Shareholders,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You are invited to resolve</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<I>in favour of the first section
of the Remuneration Report regarding the Company's policy on the remuneration of the Board of Directors and other managers with
strategic responsibilities and the procedures used to adopt and implement this policy&rdquo;.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Item
4</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Appointment
of the Independent Auditors for the period 2019 - 2027</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the date set for the Shareholders&rsquo;
Meeting to approve the Eni financial statements at December 31, 2018, the appointment of EY (formerly Reconta Ernst &amp; Young)
for the 2010 &ndash; 2018 audit engagement approved by the Shareholders&rsquo; Meeting on April 29, 2010, will expire.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board submits to the Shareholders&rsquo;
Meeting&rsquo;s approval the justified proposal presented by the Board of Statutory Auditors of Eni S.p.A., pursuant to art. 13,
paragraph 1, and article 17, paragraph 1, of Legislative Decree no. 39 of January 27, 2010, for the appointment of Eni&rsquo;s
Independent Auditors for the period 2019-2027, as illustrated in the following report of the Board of Statutory Auditors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><I>&ldquo;Report
of the Board of Statutory Auditors in its capacity as the Internal Control and Audit Committee on Item 4 of the Agenda: Appointment
of the independent auditors for the Period 2019-2027&rdquo;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 56.7pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Dear Shareholders, </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>With approval of the 2018 financial
statements by the Shareholders&rsquo; Meeting to be convened in 2019, the appointment of EY (formerly Reconta Ernst &amp; Young)
for the 2010 &ndash; 2018 audit engagement approved by the Shareholders&rsquo; Meeting on April 29, 2010, will expire. Under current
legislation, last amended by Regulation (EU) no. 537/2014 and Legislative Decree no. 135/2016: (i) the engagement granted to EY
may not be renewed or reappointed for at least four financial years following the expiry of the current engagement; (ii) the new
statutory audit engagement must be appointed by way of a specific selection process to be conducted in accordance with the criteria
and procedures established under Article 16 of the European Regulation referred to above. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In order to ensure a period of transition
from the current independent auditor to the incoming auditor that is appropriate to the size and complexity of the Eni Group (hereinafter
the Group), the Board of Statutory Auditors (hereinafter the Board), in its capacity as the Internal Control and Audit Committee
(hereinafter also ICAC) and as the body performing the functions of the Audit Committee in accordance with applicable US legislation
given that Eni is publicly listed on the New York Stock Exchange (NYSE), concurred with the proposal of the competent company bodies
to bring forward the selection process for the audit engagement for 2019-2027 in order to enable the Shareholders&rsquo; Meeting
of May 10, 2018 to approve the engagement. Bringing forward the selection process, which is permitted under Italian legislation,
is in line with the existing practice of other companies in Italy and abroad. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The Board first agreed with the competent
company units the transparent and non-discriminatory selection of the audit firms to invite to submit bids, as required by law,
opening participation to bidders with the appropriate expertise and sectoral experience and an appropriate structure for auditing
a group such as Eni. These criteria were determined taking into account of: (i) the Group&rsquo;s geographical presence in over
70 countries, certain of which are of strategic importance; (ii) the dual-listed nature of the company, being publicly listed on
both the Milan and New York stock exchanges; (iii) the fact that the Group operates in the oil &amp; gas industry, which has its
own specific industrial, regulatory, and contractual characteristics; (iv) the Group&rsquo;s businesses other than oil &amp; gas,
each of which, in turn, has its own specific characteristics. The Board then established the criteria for evaluating the financial
and qualitative aspects of the proposals, with the latter guiding the selection of the most appropriate independent auditor based
on Eni&rsquo;s specific industrial structure, excluding any recourse to the clauses referred to in 16(6) of Regulation (EU) no.
537/2014 aimed at restricting the shareholders&rsquo; choices to certain categories of auditors. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In performing our duties, the Board
was assisted by a Commission of Enquiry made up of representatives from the various company departments involved in the selection
process, whose task was to check the proposals submitted by the bidders and prepare a list of successful candidates to be submitted
to the Board for approval.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In accordance with the provisions of
Article 16 of Regulation (EU) no. 537/2014, as this process involves an engagement for the statutory auditing of a &ldquo;public-interest
entity&rdquo; as defined by current legislation, given that Eni S.p.A. is an Italian company that issues financial instruments
traded on regulated markets in Italy and in the European Union, the Board&rsquo;s proposal presents two alternatives for the engagement
and gives a justified preference for one of the two. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Scope of the engagement</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The scope of the engagement to be awarded
through the selection process has been determined in accordance with the specific needs of Eni, as a company listed on both Borsa
Italiana and the NYSE (as a foreign private issuer). In addition to requiring the auditing of Form 20-F to be filed with the SEC,
the latter listing requires an auditor&rsquo;s assessment of the effectiveness of the internal control system over financial reporting
(hereinafter also &ldquo;Sarbanes-Oxley Act activities&rdquo; or &ldquo;SOX activities&rdquo;). This assessment of the internal
control system is closely integrated into the overall audit process. As for the duration of the audit engagement, in accordance
with EU legislation and given that Eni S.p.A. is a public-interest entity, the period required to the independent auditor for providing
the service is to be the nine financial years from 2019 to 2027. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>With a view to optimising the work
of the auditors throughout the Group, the scope of the engagement specified for the selection process included not only the assessment
of the adequacy of the internal control system over financial reporting and the audit of Eni S.p.A.&rsquo;s separate and consolidated
financial statements but also the audit of the financial statements of the subsidiaries, including the other companies of the
Group that qualify as public-interest entities, such as Eni Finance International SA, Eni Insurance DAC and Banque Eni SA. The
scope of the engagement also includes the audit of the financial statements of the main entities in joint operations, joint ventures,
and associates that are not publicly listed,<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>1</SUP></FONT>
for which the willingness of the other partners to appoint the audit engagement to the audit firm selected by Eni shall be verified.
Without prejudice to the independence of these companies in the selection of their independent auditor, the appointment of the
engagement by the subsidiaries and other investees that opt for the same audit firm as Eni shall take place in accordance with
applicable local law. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The audit engagement also includes auditing
the reporting packages of the subsidiaries, assessment of the consistency of the report on corporate governance and ownership structure,
and the Report of Directors on operations with the financial statements, as well as the new legislative requirements concerning
the audit of the Report of Directors on operations, the limited review of the half-year interim financial report as recommended
under Consob Resolution no. 97001574/1997, the audit of the annual accounts prepared for the Italian Authority for Electricity
and Gas and the Water System, and the audit of the report prepared in accordance with Article 2433-bis of the Italian Civil Code
for distribution of interim dividends. The engagement also includes certain additional services (e.g. auditing the general and
operating expenses billed to partners in mineral joint ventures, issuance of comfort letters regarding bond-issue plans, etc.),
which have been verified as being compatible with the audit engagement in accordance with national, European and US law and which
Eni has the option of activating in accordance with the authorisation procedures established under applicable laws, regulations,
and internal procedures. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In order to ensure uniform quality standards
ensuring the quality of the audit service and the comparability of the bids, bidders were asked to provide the same mix of professional
personnel, with a greater concentration of partners and managers (10% partners; 35% managers; 30% senior auditors; 25% assistant
auditors) than recommended in Consob Communication no. 96003556 of April 18, 1996 (partners between 4 and 7%, managers between
14 and 17%, seniors between 25 and 35%, and assistants between 41 and 57%).</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><I><SUP>1
</SUP></I></FONT><I><FONT STYLE="font-size: 10pt">For more on the classification of investees as subsidiaries, joint operations,
joint ventures and associates, please see the International Financial Reporting Standards adopted in preparing Eni&rsquo;s consolidated
financial statements.</FONT></I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Finally, an integral part of the request
for bids was the map of the evolution of the IT systems and support to the administrative processes and controls planned by Eni
for the coming years in consideration of the transformative effect that evolving technology will have on audit activities in the
future.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Pre-selection and selection procedure</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In view of the size and the industrial
and geographical complexity of the Group, Eni&rsquo;s status as a dual-listed company - being listed on the stock exchanges in
both Milan and New York - and the characteristics of the oil &amp; gas industry, the criteria for the pre-selection of audit firms
to be invited to submit a bid were as follows: </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#159;</FONT></TD><TD STYLE="text-align: justify"><I>firms whose network had been awarded, within the last five years (2012-2016) at least one engagement
to audit the consolidated financial statements of the Eni peers specified in the Eni Fact Sheet of May 2017 or of other listed
oil &amp; gas companies included on at least three industry panels that also include Eni prepared by banks/analysts that monitor
Eni as at June 1, 2017;</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&#159;</FONT></TD><TD STYLE="text-align: justify"><I>firms whose networks have been awarded, within the last five years (2012-2016), at least one
engagement to audit of the consolidated financial statements of a company included in the FTSE MIB 40 index as at December 31,
2016. </I></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Based on this scouting, PricewaterhouseCoopers
(hereinafter also &ldquo;PwC&rdquo;), KPMG, and Deloitte &amp; Touche (hereinafter also &ldquo;Deloitte&rdquo;) were found to meet
these prerequisites and were sent calls for expressions of interest on June 27, 2017 and, in September 2017, a request for bids
prepared based on the criteria described below. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In particular, in order to assess the
proposals on the basis of the financial aspects and the technical and qualitative appropriateness of the service provided and in
line with the standards adopted by Eni, the Board of Statutory Auditors approved the scoring model for evaluating the proposals
and established that the selection of the preferred audit firm would be based on the &ldquo;lowest adjusted price&rdquo;. The &ldquo;adjusted
price&rdquo; is calculated by taking the price proposed by the bidder and adding a value (the &ldquo;adjustment factor&rdquo;)
equal to the difference - weighted on the basis on the importance assigned to qualitative factors in respect of financial factors
- between the score given to the technical aspects of each proposal and the score given to the technically best proposal. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The technical criteria were primarily
defined in line with Eni&rsquo;s specific needs and characteristics, the significance of their experience in the industries in
which Eni operates and in the use of new technologies such as robotics, analytics and big data, with their knowledge of Eni based
on previous engagements performed for the Group, with the quality of their operational approach, and with the adequacy of their
technical efficiency in terms of effort. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>More specifically, the scoring model
took account of the following criteria: </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">&bull;</TD><TD STYLE="text-align: justify"><I><U>Experience</U> (weighted at 25%): particularly regarding audit engagements in the oil &amp;
gas industry, audits conducted with the use of new technologies (robotics, analytics, big data), and understanding of the Group;
</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">&bull;</TD><TD STYLE="text-align: justify"><I><U>Qualifications</U> (weighted at 30%) of the partners and managers of the teams proposed for
the most important companies in relation to their expertise in the oil &amp; gas industry, finance and trading, retail, and SOX;</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">&bull;</TD><TD STYLE="text-align: justify"><I><U>Operational approach</U> (weighted at 15%), with a particular emphasis on risk assessment,
the organisation of labour, the degree of independence in decision making, and the use of new technologies;</I></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">&bull;</TD><TD STYLE="text-align: justify"><I><U>Effort proposed</U> (weighted at 30%), scored based on: i) a benchmark effort for the 2019-2020
period, determined by Eni based on past experience and specified in the request for bids; and ii) the trend in effort for the subsequent
seven years, weighting this component in order to take account of the score given for the other elements of the scoring model (i.e.
Experience, Qualifications, and Operational Approach) in order to penalise, at equal levels of effort, the bidder with the lowest
score in these elements. .</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Evaluation of the proposals</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The proposals submitted by the three
bidders involved in the selection process were received by Eni on November 21, 2017, in accordance with the deadline specified
and in the forms specified in the request for bids.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>On December 7, 2017, after examining
the administrative documentation and prior to completing the technical assessment based on the scoring model described above, Deloitte
informed Eni that it would not be possible to continue with the bidding process in accordance with the objectives that Eni had
established given circumstances that were deemed to compromise Deloitte&rsquo;s independence as an auditor for Eni. As such, Eni
did not complete the technical assessment of the proposal presented by Deloitte and did not view the bid price submitted.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>On December 13, 2017, as established
in the request for bids, the Board, together with the Commission of Enquiry and representatives of the competent Eni units, met
with each of the two bidders in order to evaluate their approach to operations so as to obtain a better understanding of the manner
in which they would perform the engagement presented in the proposal. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>On January 19, 2018, after noting the
high quality of both bids, the Board of Statutory Auditors evaluated and approved the findings of the technical assessment of the
Commission of Enquiry, which, based on the criteria described above of particular interest to Eni, gave a higher overall technical
score to PwC compared with KPMG. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Accordingly, on February 15, 2018, the
Board of Statutory Auditors evaluated and approved the report with the findings of the cost assessment conducted by the Commission
of Enquiry, which, for the set of activities within the scope of the engagement described earlier (in brief, the audit of the Eni
S.p.A. separate financial statements, of the consolidated financial statements - including for the purpose of compliance with US
law - and of the financial statements of the subsidiaries; the audit of the internal control system for the purpose of compliance
with US law, and the provision of additional services) showed a total bid price for PwC for the 2019-2027 period of &euro;87,657,037.05
(of which &euro;32,542,568.63 related to activities for Eni S.p.A.) and a bid price for KPMG of &euro;112,406,521.10 (of which
&euro;55,267,751.57 related to activities for Eni S.p.A.) as shown below:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Services</I></B></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>PwC</I></B></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>KPMG</I></B></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Effort (hrs)<BR>
 2019-2027</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Fees (&euro;) 2019-2027</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Effort (hrs)<BR>
 2019-2027</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Fees (&euro;) 2019-<BR>
2027</I></B></TD></TR>
<TR>
    <TD STYLE="width: 27%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Statutory audit</I></TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>865,796</I></TD>
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>53,504,525.70</I></TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>997,495</I></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>66,024,025.57</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>SOX</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>425,666</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>26,445,909.25</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>456,018</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>32,621,364.42</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Additional services</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>127,827</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>7,706,602.10</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>192,029</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>13,761,131.11</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Group total<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>2</SUP></FONT></I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>1,419,289</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>87,657,037.05</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>1,645,542</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>112,406,521.10</I></B></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I><U>of which Eni S.p.A.</U></I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>602,629</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>32,542,568.63</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>778,430</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>55,267,751.57</I></B></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Statutory audit</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>268,174</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>14,481,664.17</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>351,097</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>24,927,535.90</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>SOX</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>257,208</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>13,889,489.21</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>287,211</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>20,391,693.79</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Additional services</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>77,247</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>4,171,415.25</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>140,122</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>9,948,521.88</I></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I><SUP>2
                                         </SUP>Including costs related to significant unlisted entities in joint operations, joint
                                         ventures and associates, the Group total would be &euro;94,067,295.46 with 1,527,037
                                         hours of effort for PwC and &euro;117,215,191.07 with 1,728,796 hours for KPMG.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In conclusion, the proposal submitted
by PwC received the highest technical score and was also the most efficient in terms of effort and had the lowest bid price. As
a result, the PwC proposal has the lowest adjusted price.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In relation to the above, on February
15, 2018, following the evaluation process described in detail earlier, Eni&rsquo;s Board of Statutory Auditors resolved to:</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>recommend, in accordance with Article 16 of Regulation (EU) no. 537/2014, that the Company&#8217;s
shareholders engage for the 2019-2027 audit either PwC or KPMG based on the proposals submitted by the two bidders; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>express a justified preference for the proposal submitted by PwC, which received the highest
technical score and offered the lowest price.</I></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>As specified in the request for bids
set to the bidders in accordance with Consob Communication no. DAC/RM/96003556 of April 18, 1996, the fees indicated for performance
of the engagement may be adjusted in the event of exceptional or unforeseeable circumstances that could not have been known at
the time the contract was signed. The meaning of exceptional and/or unforeseeable circumstances is further defined by contract
to include events that result in an increase or a decrease in fees. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Declaration of independence</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Prior to presenting the proposal to
the shareholders, the Board of Statutory Auditors obtained from the bidders PwC and KPMG the communications required by Rule 3526
of the Public Company Accounting Oversight Board (PCAOB) and by the provisions of Legislative Decree no. 39/2010 regarding the
absence of circumstances that could adversely bear on their independence in performing the engagement beginning on the date of
the grant of the engagement by the Shareholders&rsquo; Meeting. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0"><I>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>In view of the foregoing, Eni&rsquo;s
Board of Statutory Auditors, in relation to granting the Eni S.p.A. engagement for the nine-year period 2019-2027 to perform the
following statutory audit services: </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>audit of the separate financial statements of Eni S.p.A. pursuant to Articles 13(1) and 17(1)
of Legislative Decree no. 39/2010, including issuing opinions on the financial statements themselves and on the reports on interim
dividends pursuant to Article 2433-bis of the Civil Code; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(ii)</I></TD><TD STYLE="text-align: justify"><I>audit of the consolidated financial statements pursuant to Articles 13(1) and 17(1) of Legislative
Decree no. 39/2010; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(iii)</I></TD><TD STYLE="text-align: justify"><I>verification of the proper maintenance of accounting records and the registration of operational
events in the company accounts in accordance with the provisions of Article 14(1) of Legislative Decree no. 39/2010; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(iv)</I></TD><TD STYLE="text-align: justify"><I>verification of the internal control system for the purpose of compliance with US law; </I></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(v)</I></TD><TD STYLE="text-align: justify"><I>audit of Form 20-F; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(vi)</I></TD><TD STYLE="text-align: justify"><I>limited review of the half-year interim financial report in accordance with Consob recommendations
(nos. 97001574/1997 and 10867/1997); </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><I>(vii)</I></TD><TD STYLE="text-align: justify"><I>audit of the separate annual accounts for the Italian Authority for Electricity and Gas and
the Water System in accordance with applicable legislation; </I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>on the basis of the selection process, on the bids received, on the evaluations conducted, and
on the outcome of said evaluations; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>in accordance with Article 16 of Regulation (EU) no. 537/2014, which specifies that justified
proposals to shareholders shall contain at least two potential candidates; </I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>in accordance with Article 16 of said regulation, which calls for the expression of a duly justified
preference for one of the two; </I></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>SUBMITS</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>to the shareholders of Eni S.p.A., pursuant
to Article 16(2) of Regulation (EU) no. 537/2014 and Articles 13(1) and 17(1) of Legislative Decree no. 39/2010, alternatively,
the proposals for the 2019-2027 period presented by PricewaterhouseCoopers S.p.A. and KPMG S.p.A., with a breakdown of their cost
and effort (hours) components given in the following table: </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" NOWRAP STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Services for Eni<BR>
 S.p.A.</I></B></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>PwC</I></B></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>KPMG</I></B></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Effort (hrs)<BR>
 2019-2027</I></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Fees
    (&euro;) 2019-2027</I></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Effort (hrs)<BR>
 2019-2027</I></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Fees (&euro;) 2019-2027</I></B></TD></TR>
<TR>
    <TD STYLE="width: 18%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Statutory audit</I></TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>268,174</I></TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>14,481,664.17</I></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>351,097</I></TD>
    <TD STYLE="width: 27%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>24,927,535.90</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>SOX</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>257,208</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>13,889,489.21</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>287,211</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>20,391,693.79</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><B><I>Tot. Eni S.p.A.<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>3</SUP></FONT></I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>525,382</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>28,371,153.38</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>638,308</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>45,319,229.69</I></B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: center"><B><I>EXPRESSES</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>a preference for PricewaterhouseCoopers
S.p.A., whose proposal received the highest technical score and had the lowest bid price.<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>4</SUP></FONT></I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>DECLARES</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>that the above recommendation was not influenced by third
parties and that none of the clauses of the sort specified under paragraph 6 of Article 16 of Regulation (EU) no. 537/2014 were
applied.<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>5</SUP></FONT></I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>3
</SUP></I></FONT><I>Including the additional services, the totals for 2019-2027 would be as follows: (i) PwC: 602,629 hours of
effort for a total fee of &euro;32,542,568.63; (ii) KPMG: 778,430 hours of effort for a total fee of &euro;55,267,751.57.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>4
</SUP></I></FONT><I>For a summary of the proposals of PwC and KPMG and an indication of the fee-adjustment criteria, see Annex
1.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>5
</SUP></I></FONT><I>Article 16, paragraph 6, of Regulation (EU) no. 537/2014 states, &ldquo;Any clause of a contract entered into
between a public-interest entity and a third party restricting the choice by the general meeting of shareholders or members of
that entity, as referred to in Article 37 of Directive 2006/43/EC to certain categories or lists of statutory auditors or audit
firms, as regards the appointment of a particular statutory auditor or audit firm to carry out the statutory audit of that entity
shall be null and void.&rdquo;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>




<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>ANNEX 1</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>With regard to the Eni S.p.A. engagement
for statutory audit services, including those concerning the consolidated financial statements, and for the assessment of the internal
control system over financial reporting, PwC presented a bid for 2019-2027 for a total of 525,382 hours and total fees of &euro;28,371,153.38,
broken down as follows: </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" NOWRAP STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Services for Eni S.p.A.</I></B></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>PwC</I></B></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Effort (hrs) 2019-<BR>
2027</I></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Fees (&euro;) 2019-2027</I></B></TD></TR>
<TR>
    <TD STYLE="width: 59%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit
    of the separate financial statements<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>6</SUP></FONT></I></TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>121,425</I></TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>6,557,071.43</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit
    of the consolidated financial statements<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>7</SUP></FONT></I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>76,958</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>4,155,808.95</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Verification of accounting records</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>22,751</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>1,228,576.75</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>SOX</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>257,208</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>13,889,489.21</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit of Form 20-F</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>13,733</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>741,595,73</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Limited review of the half-year interim financial report</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>22,401</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>1,209,676.40</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit of annual accounts for the Italian Authority for Electricity, Gas and the Water System</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>10,906</I></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>588,934,91</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I><U>Total Eni S.p.A.<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>8</SUP></FONT></U></I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>525,382</I></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>28,371,153.38</I></B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>For these same services, KPMG presented
a bid for 2019-2027 for a total of 638,308 hours and total fees of &euro;45,319,229.69, broken down as follows: </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" NOWRAP STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Services for Eni S.p.A.</I></B></TD>
    <TD COLSPAN="2" NOWRAP STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>KPMG</I></B></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Effort (hrs) 2019-2027</I></B></TD>
    <TD NOWRAP STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>Fees (&euro;) 2019-2027</I></B></TD></TR>
<TR>
    <TD STYLE="width: 46%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit
    of the separate financial statements<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>9</SUP></FONT></I></TD>
    <TD STYLE="vertical-align: top; width: 25%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>168,227&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; width: 29%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>11,943,948.77 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit
    of the consolidated financial statements<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>10</SUP></FONT></I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>106,370&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>7,552,163.63 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Verification of accounting records</I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>24,350&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>1,728,825.65 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>SOX</I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>287,211&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>20,391,693.79 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Audit of Form 20-F</I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>16,988&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>1,206,131.01 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Limited review of the half-year interim financial report</I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>23,935&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>1,699,361.07 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>Revision of annual accounts for the Italian Authority for Electricity, Gas and the Water System</I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>11,227&nbsp;&nbsp; </I></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><I>797,105,77 &euro;</I></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I><U>Total Eni S.p.A.<FONT STYLE="font: 12pt Times New Roman, Times, Serif"><SUP>11</SUP></FONT></U></I></B></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>638,308&nbsp;&nbsp; </I></B></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B><I>45,319,229.69&nbsp;&nbsp; &euro;</I></B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>6
</SUP></I></FONT><I>Includes issuing opinions on the financial statements themselves and on the reports for the interim dividend
pursuant to Article 2433-bis of the Civil Code.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>7
</SUP></I></FONT><I>Also includes assessment of the report of directors.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>8
</SUP></I></FONT><I>Including the additional services, the totals for 2019-2027 would be as follows: (i) 602,629 hours of effort;
(ii) total fee of &euro;32,542,568.63.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>9
</SUP></I></FONT><I>Includes issuing opinions on the financial statements themselves and on the reports for interim dividends
pursuant to Article 2433-bis of the Italian civil code.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>10
</SUP></I></FONT><I>Includes, inter alia, the assessment of the report of directors.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I><SUP>11
</SUP></I></FONT><I>Including the additional services, the totals for 2019-2027 would be as follows: 778,430 hours of effort for
a total fee of &euro;55,267,751.57.</I></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>For both companies, the fees shown above,
which concern solely service provision, were determined in accordance with the criteria set out in Consob Communication no. 96003556
of April 18, 1996, and are to be adjusted annually by 75% of the part exceeding 6% of the variation in the cost-of-living index,
with the index for January 2019 = 100. The cost of living index shall be that of the country to which the currency specified in
the grant of the engagement applies (for Italy, the ISTAT index or other equivalent index for the euro). The adjustment shall be
calculated in relation to the cumulative index on the basis of the fees specified in the contract.</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Any costs for travel in Italy or abroad
for work performed outside the premises of the network of the audit firm shall be reimbursed in accordance with applicable Eni
policies. These costs shall be approved in advance by Eni and will be reimbursed to the extent of reasonable costs supported by
related documentation. In any event, the reimbursement of travel expenses may not exceed 10% of the total of each job order. Travel
expenses will only be reimbursed in the event the independent auditor does not have offices in the various locations in which Eni
has a presence (and to this end, the headquarters in San Donato Milanese are not to be considered different from the Milan office
of the audit firm).</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The supervision fees payable to Consob
solely for statutory audit services shall be reimbursed at cost. </I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The fees specified above may change
in response to changes in the scope of the audit firm&rsquo;s engagement or following exceptional and/or unforeseeable circumstances
that could not have been known at the time the contact was signed, without prejudice to the control and monitoring of the independence
and the activity of the audit firm by the Board of Statutory Auditors in its capacity as the Internal Control and Audit Committee.
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>March 14, 2018</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Proposal of resolution</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.15pt 0pt 35.4pt; text-indent: 35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Shareholders,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With regard to the appointment of the audit
firm to perform the statutory audit of the accounts of Eni S.p.A. and to audit the internal control system over financial reporting
pursuant to US law for the period 2019-2027 you are invited to:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">approve the proposal of the Board of Statutory Auditors,
in accordance with the terms and procedures outlined in the &rdquo;<I>Report of the Board of Statutory Auditors, in its capacity
as the Internal Control and Audit Committee, on Item 4 of the agenda: Appointment of the Independent Auditors for the period 2019-2027</I>&rdquo;,
which, on the basis of the justified proposal submitted, provides for:</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42.55pt; text-align: justify; text-indent: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">on a primary basis, to appoint PricewaterhouseCoopers
S.p.A. for the total fee bid of &euro;28,371,153.38, corresponding to 268,174 hours for auditing the accounts and 257,208 hours
for auditing the internal control system over financial reporting pursuant to US law;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">on a secondary basis, if the primary proposal is not
approved, to appoint KPMG S.p.A. for the total fee bid of &euro;45,319,229.69, corresponding to 351,097 hours for auditing the
accounts and 287,211 hours for auditing the internal control system over financial reporting pursuant to US law;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">grant the Board of Directors all powers necessary
to implement the resolution of the Shareholders&rsquo; Meeting, including through delegated persons.</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify">Consistent with the proposal
of the Board of Statutory Auditors, the fees indicated previously will be adjusted on an annual basis to the extent specified contractually
in relation to developments in the cost-of-living index and may be adjusted to take account of changes in the scope of the audit
firm&rsquo;s work or following exceptional and/or unforeseeable events that could not have been known at the time the contract
was signed, without prejudice to the control and monitoring of the independence and the activity of the audit firm by the Board
of Statutory Auditors in its capacity as the Internal Control and Audit Committee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: -7.15pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: -7.15pt; font: 12pt Times New Roman, Times, Serif"><I>The Chairman of the Board of Directors</I></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: -7.15pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: -7.15pt; text-align: center"><FONT STYLE="font-variant: small-caps">Emma Marcegaglia</FONT></TD></TR>
</TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10"><B>&nbsp;</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10"><A NAME="toc_005"></A><IMG SRC="tv492357_6kimg1.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12"><B>Annual
Report on Form 20-F 2017</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 13pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt">R</FONT><FONT STYLE="font-size: 12pt">ome,
April 6, 2018 &ndash; Today Eni&rsquo;s Annual Report on Form 20-F for the year ended December 31, 2017, has been filed with the
U.S. Securities and Exchange Commission (SEC).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt">The Annual
Report on Form 20-F 2017 is published on Eni&rsquo;s website (eni.com) in the Publications section. Shareholders can receive a
hard copy of Eni&rsquo;s Annual Report on Form 20-F 2017, free of charge, by emailing a request to segreteriasocietaria.azionisti@eni.com
or to investor.relations@eni.com.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 13pt">* * *</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 13pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Company
Contacts</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Press
Office: </FONT><FONT STYLE="font-size: 10pt">Tel. +39.0252031875 &ndash; +39.0659822030</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Freephone
for shareholders (from Italy): </FONT><FONT STYLE="font-size: 10pt">800940924</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Freephone
for shareholders (from abroad): </FONT><FONT STYLE="font-size: 10pt">+80011223456</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Switchboard:
</FONT><FONT STYLE="font-size: 10pt">+39-0659821</FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">ufficio.stampa@eni.com</FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">segreteriasocietaria.azionisti@eni.com</FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">investor.relations@eni.com</FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Web
site: www.eni.com</FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: small-caps 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; font-weight: normal">Eni</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Societ&agrave;
per Azioni Roma, Piazzale Enrico Mattei, 1</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Share
capital: &euro;4,005,358,876 fully paid</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Tax
identification number 00484960588</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Tel.:
+39 0659821 - Fax: +39 0659822141</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: small-caps bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">This
press release is also available on the Eni web site <FONT STYLE="font-weight: normal">eni.com</FONT>.</FONT></P>

<P STYLE="font: 10pt Verdana, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 13pt"><I>&nbsp;</I></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%; font-size: 11pt"><A NAME="toc_006"></A><IMG SRC="tv492357_6kimg5.jpg" ALT=""></TD>
    <TD STYLE="width: 30%">
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">Registered Head Office,</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">Piazzale Enrico Mattei, 1</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">00144 Rome</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">Tel. +39 06598.21</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">www.eni.com</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">Rome</P>

<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">April 27, 2018</P>

<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -4pt"><B>Eni: first quarter 2018
results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 11pt; padding: 3pt 5.4pt; background-color: rgb(255,215,87)"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Key operating and financial results</B></FONT></TD>
    <TD STYLE="width: 50%; font-size: 11pt; padding: 3pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="10" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">61.39</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 43%; text-align: left">Brent dated</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt">$/bbl</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 8%; text-align: right; background-color: rgb(242,242,242)">66.76</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">53.78</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; text-align: right">24</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.177</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Average EUR/USD exchange rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1.229</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.065</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52.14</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Brent dated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&euro;/bbl</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">54.32</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50.50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">1,892</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Hydrocarbon production</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">kboe/d</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">1,867</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">1,795</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">4</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,003</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Adjusted operating profit (loss) <SUP>(a)</SUP></B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&euro; million</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,380</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,834</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">30</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,867</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">of which:&nbsp;&nbsp;E&amp;P</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">2,085</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,415</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">47</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">215</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; padding-left: 0.5in">G&amp;P</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">322</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">338</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(5)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">113</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid; padding-left: 0.5in">R&amp;M and Chemicals</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right; background-color: rgb(242,242,242)">77</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">189</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">(59)</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">943</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Adjusted net profit (loss) <SUP>(a) (b)</SUP></B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">978</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">744</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">31</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.26</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">- per share (&euro;)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">0.27</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.21</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,047</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt"><B>Net profit (loss) <SUP>(b)</SUP></B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">946</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">965</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2)</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">0.57</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">- per share (&euro;)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right; background-color: rgb(242,242,242)">0.26</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">0.27</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,855</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Net cash from operations at replacement cost <SUP>(c)</SUP></B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">3,166</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,597</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">22</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">3,318</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net cash from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,187</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,932</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">13</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,891</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">Net capital expenditure <SUP>(d) (e)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,778</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,457</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">10,916</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Net borrowings</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">11,278</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">14,931</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(24)</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">0.23</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">Leverage</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">0.23</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">0.28</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(a) Non-GAAP measure. For further information see the paragraph &quot;Non-GAAP
measures&quot; on page 16.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(b) Attributable to Eni's shareholders.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(c) Non-GAAP measure. Net cash provided by operating activities before
changes in working capital excluding inventory holding gains or losses.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(d) Include capital contribution to equity accounted entities.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(e) Net of the entry bonus relating to two Concession Agreements
acquired in the United Arab Emirates and of the share of 2018 development capex related to the share of 10% in Zohr, under disposal,
to be reimbursed to Eni by the buyer at the closing of the transaction.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Yesterday, Eni&rsquo;s Board of Directors approved
the Group results for the first quarter of 2018 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">&ldquo;</FONT><FONT STYLE="font-size: 9pt"><I>In
the first quarter of 2018, Eni achieved excellent economic and financial results, over and above the rising price of oil. As the
Brent price in euros rose 8% relative to the first quarter of 2017, Eni&rsquo;s adjusted operating profit increased by 30%, while
operational cash generation at replacement cost grew by 22%. These results were achieved primarily because of an increase in our
hydrocarbon production, which produced a 47% increase in adjusted operating profit from E&amp;P. In addition, the first quarter
saw the continuation of the optimization of our asset portfolio with our entry into the United Arab Emirates, one of the most
productive areas in the world, and the sale of a further 10% of the Zohr field in Egypt. The Mid-Downstream businesses also achieved
important results in the quarter, despite a less favorable scenario compared to 2017. The divisions benefitted from the strengthening
and development measures we have implemented over the past three years. In particular, LNG achieved significant results due to
increased integration with other Group activities. On the basis of these results and the strategy announced in the 2018-2021 plan,
I confirm the objective of cash neutrality for 2018 at a Brent price of $55 per barrel.&rdquo;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify; background-color: rgb(255,215,87); padding: 3pt 5.4pt"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Highlights</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: justify; padding: 3pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000">Exploration &amp; Production</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Strong
                                         growth reported in hydrocarbon production</B>:</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><FONT STYLE="font-size: 9pt">up
by 4% q-o-q at 1.87 million boe/d, in line with the FY 2018 guidance. Net of price effects in PSAs, the growth rate was 4.4%;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 9pt">production
start-ups and ramp-ups contributed 238 kboe/d.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">Acquired
                                         interests in the concessions <B>Lower Zakum (5%) and Umm Shaif/Nasr (10%)</B> currently
                                         producing off Abu Dhabi, granting Eni access to a Country with great mineral potential.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Dual
                                         exploration model</B>: agreed the divestment to Mubadala Petroleum, a UAE-based company,
                                         of a <B>10% stake in the Shorouk concession</B>, offshore Egypt, where the super-giant
                                         Zohr gas field is located.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Started
                                         up oil production at the Ochigufu field</B>, in Block 15/06 off Angola, just eighteen
                                         months since the presentation of the development plan. The field&rsquo;s production plateau
                                         will add 25,000 barrels to the current production levels of the Block 15/06.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Indonesia</B>:
                                         <B>development plan of the Merakes gas field</B> off Indonesia approved by the relevant
                                         authorities, leveraging synergies with nearby Jangkrik producing field.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Gas
                                         discovery in Block 6 </B>(Eni&rsquo;s interest 50%, operator), <B>offshore Cyprus</B>;
                                         confirmed the extension of the &ldquo;Zohr like&rdquo; play.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Awarded
                                         two Exploration and Production Agreements with the Republic of Lebanon</B> covering Blocks
                                         4 and 9 (Eni&rsquo;s interest 40%), in deep offshore.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Awarded
                                         rights to Block 28</B> (Eni&rsquo;s interest 75%, operator) and <B>Block 24</B> (Eni&rsquo;s
                                         interest 65%, operator) located in the medium-deep waters of the Cuenca Salina Basin,
                                         <B>Mexico</B>.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Algeria:
                                         </B>strengthened the strategic partnership with Sonatrach to explore and develop new
                                         gas resources.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Exploration
                                         &amp; Production adjusted operating profit</B>: &euro;2.1 billion, up by 47% q-o-q. In
                                         the same period the Brent price in euro terms increased by 8%.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Gas &amp; Power</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>LNG
                                         sales</B>: up by 35% to 2.7 bcm, also leveraging on the availability of upstream equity
                                         gas in Indonesia leveraging improved integration across businesses.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Retail
                                         business: </B>increased the customer base, excluding the impact of disposals.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font-size: 9pt">
<TD STYLE="width: 0; font-size: 9pt"></TD><TD STYLE="width: 14.2pt; font-size: 9pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify; font-size: 9pt"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>G&amp;P
                                         adjusted operating profit: </B>&euro;0.3 billion, unchanged compared to the first quarter
                                         of 2017, when certain non-recurring gains were recorded.</FONT></TD></TR></TABLE>

<P STYLE="font-family: Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: rgb(192,0,0)">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000">Refining &amp; Marketing and
Chemicals</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Valorized the EST technology
for the conversion of the heavy barrel: </B>signed a licensing agreement with the Chinese company Zhejiang Petrochemicals.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Strategic agreement
</B>signed by Versalis with Bridgestone for research and development of chemical products deriving from renewable raw materials.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Refining
                                         &amp; Marketing adjusted operating profit: </B>&euro;18 million, down by 73% q-o-q due
                                         to an unfavorable trading environment.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Chemicals
                                         adjusted operating profit</B>: &euro;59 million, down by 52% q-o-q due to declining product
                                         margins compared to the previous reporting period, when margins benefitted from particularly
                                         favorable market trends.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000">Group results</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Adjusted
                                         operating profit</B>: &euro;2.38 billion, up by 30% q-o-q.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Adjusted
                                         net profit</B>: &euro;0.98 billion, up by 31% q-o-q.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Net
                                         profit</B>: &euro;0.95 billion.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Strong
                                         cash flow from operations</B>: &euro;2.19 billion, up by 13% q-o-q.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Cash
                                         flow from operations </B>before changes in working capital at replacement cost at &euro;3.17
                                         billion, up by 22% q-o-q.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Net
                                         capex</B>: &euro;1.78 billion<SUP>1</SUP>; self-financing ratio of net capex at approximately
                                         123%.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Net
                                         borrowings</B>: &euro;11.28 billion.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 9pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Leverage:
                                         </B>0.23, unchanged compared to December 31, 2017.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; background-color: rgb(255,215,87); padding: 3pt 5.4pt"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Outlook 2018</B></FONT></TD>
    <TD STYLE="width: 50%; padding: 3pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Exploration &amp; Production</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Hydrocarbon production</B>: the
Company has raised its initial growth forecast and now expects a 4% increase for the FY 2018 vs. 2017, equalling to a production
level of about 1.9 million boe/d. This growth is expected to be driven by continuing production ramp-up of fields started up in
2017, particularly in Egypt, Indonesia and at the Kashagan field, new fields start-ups in Angola and Ghana, the plateau achievement
at Goliat (Norway), as well as the contribution of the new venture in UAE. These increases are expected to be partly offset principally
by mature field declines.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Gas &amp; Power</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Expecting a strengthening of profitability:
</B>projecting a FY adjusted operating profit of &euro;0.3 billion, which will be underpinned by new initiatives to optimize the
gas portfolio, improved performance at the power business and synergies in the LNG business from business integration with the
upstream segment, as well as better results expected in the retail business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Gas sales:</B> expected to decline
in line with an expected reduction in long-term contractual commitments both to procure and to supply gas. By 2018 year-end, expected
an increase in LNG contracted volumes at approximately 6 million tons.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><SUP>1</SUP> <FONT STYLE="font: 6pt Times New Roman, Times, Serif">See
details on page 1, footnote (e).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Refining &amp; Marketing and Chemicals</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Expecting a refining break-even
margin of approximately 3 $/barrel by the end of 2018</B>, leveraging on further supply and plant optimizations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Refining throughputs on own accounts</B>
expected to be flat compared to 2017, due to better performance at the Sannazzaro and Livorno refineries because of unplanned shutdowns
in 2017, offset by reductions at the Taranto and Milazzo plants. Expected a higher refinery utilization rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Retail sales </B>unchanged y-o-y.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Versalis</B></FONT>:
<FONT STYLE="font: 9pt Times New Roman, Times, Serif">spreads of the main commodities vs. the feedstock are
expected to normalize compared to the highs recorded in 2017 particularly in the butadiene and benzene markets. Sales volumes are
expected to grow in all business lines driven by higher production volumes driven by fewer planned standstills and accidents.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>Cash neutrality</B>: funding of
capex for the FY and the dividend is confirmed at a Brent price of approximately 55 $/bbl in 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>2018 FY Capex </B>expected to
be &euro;7.7 billion.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; background-color: rgb(255,215,87); padding: 3pt 5.4pt"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Business segments operating review</B></FONT></TD>
    <TD STYLE="width: 50%; padding: 3pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0"><B>Exploration &amp; Production</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><B>Production and prices</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 97%; font: 9pt Times New Roman, Times, Serif; margin-left: 14.2pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold">Production</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">861</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 38%">Liquids</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">kbbl/d</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 9%; text-align: right; background-color: rgb(242,242,242)">885</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">832</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">6.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,625</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Natural gas</TD><TD>&nbsp;</TD>
    <TD>mmcf/d</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">5,358</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,254</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">1,892</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">Hydrocarbons</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">kboe/d</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1,867</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">1,795</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">4.0</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">Average realizations</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57.64</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Liquids</TD><TD>&nbsp;</TD>
    <TD>$/bbl</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">61.17</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48.65</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.89</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Natural gas</TD><TD>&nbsp;</TD>
    <TD>$/kcf</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">4.50</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.60</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">39.12</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">Hydrocarbons</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double">$/boe</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">42.34</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">33.42</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">26.7</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, <B>oil and natural gas production </B>averaged 1,867 kboe/d, up by 4% from the first quarter of 2017. This performance was
driven by the ramp-up at fields started up in 2017, mainly in Angola, Egypt, Ghana and Indonesia and the 2018 start-ups (with an
overall contribution of 238 kboe/d), as well as the acquisition of the two Concession Agreements of Lower Zakum (5%) and Umm Shaif/Nasr
(10%) producing off the United Arab Emirates. These positives were partly offset by negative price effects at PSAs contracts, lower
production as a result of planned shutdowns in Algeria and the activities slowdown in Venezuela, as well as declines from mature
fields. When excluding price effects at PSAs contracts, hydrocarbons production increased by 4.4%.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Liquids production
</B>(885 kbbl/d) increased by 53 kbbl/d, or 6.4% from the first quarter of 2017 due to the ramp-ups of the period being partially
offset by price effect and planned shutdowns.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Natural gas production
</B>(5,358 mmcf/d) increased by 104 mmcf/d, or 2% compared to the first quarter of 2017 driven by ramp-up of producing assets,
partly offset by mature field declines.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 97%; font: 9pt Times New Roman, Times, Serif; margin-left: 14.2pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="color: black; font-weight: bold; text-align: center">IQ</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: black; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="color: black; text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">4,131</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left">Operating profit (loss)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1,966</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">1,628</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">20.8</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(2,264)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Exclusion of special items</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">119</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(213)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,867</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,085</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,415</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">47.3</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(39)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Net finance (expense) income</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">(56)</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">56</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">117</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Net income (expense) from investments</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">35</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">18</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(853)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Income taxes</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">(1,140)</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(859)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">43.9</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">tax rate (%)</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right; background-color: rgb(242,242,242)">55.2</TD><TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">57.7</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">1,092</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Adjusted net profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">924</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">630</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">46.7</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Results also include:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">135</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Exploration expenses:</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">75</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">208</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(63.9)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">73</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">- prospecting, geological and geophysical expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">64</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">62</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">- write-off of unsuccessful wells</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">11</TD><TD STYLE="padding-bottom: 1pt; text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">143</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">1,781</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">Capital expenditure</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,368</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">2,706</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(12.5)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, the Exploration &amp; Production segment reported an <B>adjusted operating profit </B>of &euro;2,085 million, an increase
of 47% from the first quarter of 2017. This improvement reflected an ongoing recovery in crude oil prices (with the Brent price
in dollars up by 24%), narrowing differentials between the Brent benchmark and Eni&rsquo;s crudes, which determined a 26% rise
in Eni&rsquo;s average realizations in dollar terms, and production growth. These positives were partially offset by exchange rate
headwinds (the EUR/USD exchange rate was up by 15% q-o-q).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, <B>adjusted net profit </B>was &euro;924 million, up by &euro;294 million or 47% compared to the first quarter of 2017, due
to a recovery in operating performance and a normalized tax rate (down by approximately 2.5 percentage points) due to higher profit
before taxes, which helped improve the deductibility of operating expenses including those incurred in connection with PSAs schemes
and reduce the incidence of non-deductible expenses.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -17.85pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">For the disclosure of the business
segment special charges/gains see page 10.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0"><B>Gas &amp; Power</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><B>Sales</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">241</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 35%; font-weight: bold">PSV</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&euro;/kcm</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">239</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">219</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">9.4</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">202</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">TTF</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">227</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">195</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16.4</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Natural gas sales</TD><TD>&nbsp;</TD>
    <TD>bcm</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.62</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Italy</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">11.19</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.38</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.26</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Europe</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">9.28</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11.53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19.5)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.99</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">of which: Importers in Italy</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">0.89</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.04</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(14.4)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">9.27</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.375in">&nbsp;&nbsp;&nbsp;&nbsp;European markets</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">8.39</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">10.49</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(20.0)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.60</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of World</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1.97</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.37</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">21.48</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Worldwide gas sales</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">22.44</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">23.28</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(3.6)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">2.4</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">of which: LNG sales</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right; background-color: rgb(242,242,242)">2.70</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">2.00</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-style: italic; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right">35.0</TD><TD STYLE="padding-bottom: 1pt; font-style: italic; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">8.66</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">Power sales</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double">Twh</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">9.22</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">9.37</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(1.6)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 14.2pt; text-align: left"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In
the first quarter of 2018, <B>natural gas sales</B> were 22.44 bcm, down by 3.6% from the first quarter of 2017. Sales in Italy
were up by 7.8% to 11.19 bcm, due to higher spot sales, partly offset by lower sales to large clients and the residential segment.
Sales in European markets (8.39 bcm) decreased by 20% reflecting expiration of some long-term contracts and lower sales in Benelux
and Germany as result of portfolio rationalization.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 14.2pt; text-align: left"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Power
sales </B>were 9.22 TWh in the first quarter of 2018, down by 1.6% mainly due to the disposal of retail activities in Belgium
in 2017.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="color: black; font-weight: bold; text-align: center">IQ</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: black; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="color: black; text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="padding-bottom: 1pt; color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">206</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left">Operating profit (loss)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">398</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">214</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">86.0</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">9</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Exclusion of special items and inventory holding (gains) losses</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">(76)</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">124</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">215</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">322</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">338</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(4.7)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">1</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Net finance (expense) income</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">3</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">6</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(4)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Net income (expense) from investments</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">11</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(1)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(98)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">Income taxes</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">(121)</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(133)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">46.2</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">tax rate (%)</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right; background-color: rgb(242,242,242)">36.0</TD><TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">38.8</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">114</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Adjusted net profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">215</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">210</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">2.4</TD><TD STYLE="padding-bottom: 1pt; color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">60</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">Capital expenditure</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">42</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">19</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt; color: #C00000"><B>..</B></FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, the Gas &amp; Power segment reported an <B>adjusted operating profit</B> of &euro;322 million, almost in line q-o-q (down
by &euro;16 million from the first quarter of 2017). This result reflected the improved performance in the LNG business due to
higher margins and sales, thanks to higher availability of equity gas production in Indonesia, as well as positive results from
the power business. These positives were offset by lower non-recurring gains relating to renegotiations performed in 2017 and by
lower gas volumes sold.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Adjusted net profit</B> amounted to &euro;215 million.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 21.3pt">For the disclosure on business
segment special charges see page 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 21.3pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0"><B>Refining &amp; Marketing and Chemicals</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Production and sales</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">4.3</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 35%; font-weight: bold; text-align: left">Standard Eni Refining Margin (SERM)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD><TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt">$/bbl</FONT></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">3.0</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">4.2</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">(29.3)</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.46</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Throughputs in Italy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">mmtonnes</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">5.51</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5.18</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.4</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.72</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Throughputs in the rest of Europe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">0.68</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.64</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.3</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">6.18</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Total throughputs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">6.19</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">5.82</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">6.4</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.07</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Green throughputs</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">0.06</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.02</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">..</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">Marketing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2.11</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Retail sales in Europe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">mmtonnes</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1.99</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2.00</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(0.5)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Retail sales in Italy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1.40</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.42</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.4)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.62</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Retail sales in the rest of Europe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">0.59</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.58</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Retail market share in Italy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">%</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">25.1</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2.71</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Wholesale sales in Europe</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">mmtonnes</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2.37</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2.36</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">0.4</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.94</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Wholesale sales in Italy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1.68</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.68</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.77</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid">Wholesale sales in the rest of Europe</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">0.69</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.68</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.5</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">Chemicals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">878</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Sales of petrochemical products</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">ktonnes</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">981</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">992</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(1.1)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">70.8</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">Average plant utilization rate</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: center"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">%</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right; background-color: rgb(242,242,242)">79.4</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">77.4</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, <B>Eni&rsquo;s Standard Refining Margin</B> &ndash; SERM &ndash; was 3 $/barrel, down by 29.3% from the first quarter of
2017 (4.2 $/barrel), due to lower relative prices of products compared to the cost of the petroleum feedstock.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Eni refining throughputs</B>
were 6.2 mmtonnes, up by 6.4% from the first quarter of 2017, due to higher volumes processed throughout all refineries, mainly
due to the downtime of some plants at the Sannazzaro and Taranto refineries in 2017 and lower shutdowns at other plants.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Volumes of biofuels</B>
produced at the Venice Green refinery reported a three-fold increase from the first quarter of 2017 mainly due to a planned standstill
in the first quarter of 2017.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Retail sales in Italy</B>
of 1.40 mmtonnes fell by 1.4%, in a declining consumptions environment, reflecting lower volumes sold at leased stations and at
the highway segment, partially offset by higher volumes sold at company-owned fuel stations. Eni&rsquo;s retail market share was
25.1%, higher than in the first quarter of 2017 (24.7%), leveraging on effective marketing campaign.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Wholesale sales in
Italy</B> were 1.68 mmtonnes, unchanged q-o-q in&nbsp;all the main products marketed, except for higher sales of jet fuel offset
by lower sales of gasoil.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Retail and wholesale
sales in the rest of Europe</B> increased by 1.6% from the first quarter of 2017 due to higher sales volumes in Spain and Germany,
partly offset by lower sales in France and Austria.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Sales of petrochemical
products </B>of 981 ktonnes decreased by 1.1% in the first quarter mainly due to competitive pressure in the polyethylene business
and lower demand in elastomers, partially offset by higher sales of intermediates.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="color: black; font-weight: bold; text-align: center">IQ</TD><TD STYLE="color: black; font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: bold">&nbsp;</TD><TD STYLE="color: black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="color: black; text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: bold">&nbsp;</TD><TD STYLE="color: black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; color: black; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">217</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left; text-indent: 24.1pt">Operating profit (loss)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">138</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">364</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">(62.1)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(174)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; text-indent: 24pt">Exclusion of inventory holding (gains) losses</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">(99)</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(199)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">70</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; text-indent: 24pt">Exclusion of special items</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">38</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">24</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">113</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; text-indent: 24.1pt">Adjusted operating profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">77</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">189</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(59.3)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">76</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; text-indent: 24pt">- Refining &amp; Marketing</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right; background-color: rgb(242,242,242)">18</TD><TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">66</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">(72.7)</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">37</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-indent: 24pt">- Chemicals</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right; background-color: rgb(242,242,242)">59</TD><TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">123</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">(52.0)</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">2</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; text-indent: 24pt">Net finance (expense) income</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">12</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">3</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; text-indent: 24pt">Net income (expense) from investments</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">23</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">10</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(51)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; text-indent: 24pt">Income taxes</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; text-align: right; background-color: rgb(242,242,242)">(45)</TD><TD STYLE="color: black; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black">&nbsp;</TD>
    <TD STYLE="color: black; text-align: left">&nbsp;</TD><TD STYLE="color: black; text-align: right">(71)</TD><TD STYLE="color: black; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">43.2</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; text-indent: 24pt">tax rate (%)</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right; background-color: rgb(242,242,242)">40.2</TD><TD STYLE="color: black; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: black; font-style: italic">&nbsp;</TD>
    <TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="color: black; font-style: italic; text-align: right">35.7</TD><TD STYLE="color: black; font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">67</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; text-indent: 24.1pt">Adjusted net profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">67</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">128</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">(47.7)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">290</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; text-indent: 24.1pt">Capital expenditure</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">125</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">100</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">25.0</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, the Refining &amp; Marketing and Chemicals segment reported an <B>adjusted operating profit</B> of &euro;77 million, lower
than the first quarter of 2017 (&euro;189 million).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">The <B>Refining &amp;
Marketing</B> business reported an adjusted operating profit of &euro;18 million, down by 73% q-o-q due to an unfavorable margin
environment with the refining margin indicator down by 29%. Moreover, the appreciation of the euro against the US dollar (15%)
negatively affected the refining business results. These negatives were partially offset by better refineries performance and various
supply and plant optimizations. The marketing business reported a positive performance driven by effective commercial initiatives.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt; text-align: left"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">The
<B>Chemical</B> business reported an adjusted operating profit of &euro;59 million, down by 52% q-o-q. This decrease was due to
a downward trend in polyethylene prices, affected by heightened competitive pressures from Middle-Eastern streams of products,
and peak prices recorded on certain commodities like butadiene and benzene in the first quarter 2017 due to product shortages
at main consumption geographies (USA and Asia).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Adjusted net profit</B>
amounting to &euro;67 million in the first quarter of 2018 decreased by 48% due to lower operating performance.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the disclosure on business segment special
charges see page 10.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left; font-size: 14pt">
    <TD STYLE="width: 50%; font-size: 14pt; padding: 3pt 5.4pt; background-color: rgb(255,215,87)"><B>Group results</B>
</TD>
    <TD STYLE="width: 50%; font-size: 14pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">17,545</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; font-weight: bold; text-align: left">Net sales from operations</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">17,932</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">18,047</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right">(0.6)</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">4,340</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Operating profit (loss)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,399</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,111</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">13.6</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(149)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Exclusion of inventory holding (gains) losses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(95)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(259)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,188)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">Exclusion of special items <SUP>(a)</SUP></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">76</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(18)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,003</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,380</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,834</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">29.8</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Breakdown by segment:</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,867</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Exploration &amp; Production</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">2,085</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,415</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">47.3</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">215</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Gas &amp; Power</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">322</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">338</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(4.7)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">113</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Refining &amp; Marketing and Chemicals</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">77</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">189</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(59.3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(116)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Corporate and other activities</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">(162)</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(115)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(40.9)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(76)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt"><I>Impact of unrealized intragroup profit elimination and other consolidation adjustments <SUP>(b)</SUP></I></FONT></TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">58</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">7</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,047</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net profit (loss) attributable to Eni's shareholders</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">946</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">965</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2.0)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(105)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Exclusion of inventory holding (gains) losses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(67)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(186)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(999)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">Exclusion of special items <SUP>(a)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">99</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(35)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">943</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Adjusted net profit (loss) attributable to Eni's shareholders</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">978</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">744</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">31.5</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(a) For further information see table &quot;Breakdown of special
items&quot;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(b) Unrealized intragroup profit elimination mainly pertained to
intra-group sales of commodities and services recorded in the assets of the purchasing business segment as of the end of the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Adjusted results</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">In the first quarter of
2018, Eni&rsquo;s consolidated <B>adjusted operating profit</B> of &euro;2,380 million increased by 30% from the first quarter
of 2017. The improvement was driven by a robust performance in the E&amp;P segment (up by &euro;0.67 billion or 47%) due to an
ongoing recovery in crude oil prices, partly offset by a weaker dollar (the Brent benchmark in euro terms was up by 8%), as well
as production growth. The G&amp;P segment reported an adjusted operating profit of &euro;0.3 billion, unchanged from the first
quarter of 2017. This result reflected an improved performance in the LNG business due to better margins and higher volumes thanks
to synergies with the upstream segment, as well as further actions at the long-term supply contracts, partly offset by one-off
gains recorded in the same quarter of 2017. The R&amp;M and Chemicals segment reported a decrease of 59% in operating profit due
to an unfavorable trading environment, partly offset by better utilization rates, continued efficiency initiatives and plant optimizations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Adjusted net profit</B>
for the first quarter of &euro;0.98 billion improved by 31% compared to the first quarter of 2017, driven by an improved operating
performance. Tax rate of 56% was barely unchanged compared to the first quarter of 2017.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Special items</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The break-down by segment of <B>special items
of operating profit </B>(a net charge of &euro;76 million) is:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>E&amp;P</B>: net charge
of &euro;119 million in the first quarter mainly composed of: risk and environmental provisions (&euro;65 million and &euro;18
million, respectively), impairment of certain trade receivables (&euro;14 million) as well as a provision for redundancy incentives
(&euro;2 million).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -0.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>G&amp;P</B>: net gains
of &euro;76 million composed of: the effects of fair-valued commodity derivatives that lacked the formal criteria to be accounted
as hedges under IFRS (net gains of &euro;67 million), an impairment relating to the alignment of the book value of the Hungarian
gas distribution activity to its fair value, being a sale negotiation ongoing at the balance sheet date (&euro;13 million), as
well as provision for redundancy incentives (&euro;3 million). The G&amp;P adjusted operating result also includes the negative
balance of &euro;19 million related to derivative financial instruments entered into manage margin exposure to foreign currency
exchange rate movements and exchange translation differences of commercial payables and receivables.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>R&amp;M and Chemicals</B>:
net charge of &euro;38 million composed of: the write down of capital expenditure relating to certain Cash Generating Units, which
were impaired in previous reporting periods and continued to lack any profitability prospects (&euro;15 million); environmental
provision (&euro;33 million) and a compensation gain from a third-party insurer relating to an incident occurred in 2017 (&euro;20
million).</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Reported results</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the first quarter of 2018, <B>net profit
attributable to Eni&rsquo;s shareholders </B>was &euro;946 million compared to &euro;965 million in the year-ago quarter that included
a gain recorded on the divestment of a 10% interest in the Zohr gas field amounting to &euro;339 million. Net of the effect of
that deal, the Group&rsquo;s consolidated net profit recorded an improvement q-o-q driven by a better performance of the E&amp;P
segment, which benefitted from strengthening crude oil prices (up by 24% q-o-q for the Brent crude oil benchmark) on the back of
a global economic recovery, and production growth. Those positives were partly offset by a weakening USD (the EUR/USD exchange
rate appreciated by 15% on average) that negatively affected the translation to euros of operating profit and cash flow of E&amp;P&rsquo;s
subsidiaries that use the dollar as functional currency. The G&amp;P segment reported robust results, confirming the long-term
sustainability of the business, driven by an excellent performance delivered in the LNG business, also leveraging on synergies
with the upstream segment. The R&amp;M and Chemicals segment was weighted down by an unfavourable trading environment where refining
margins fell by 29% q-o-q and the spreads vs. the feedstock of the main petrochemicals commodities shrunk noticeably as in the
case of polyethylene down by 47% due to competitive pressures and butadiene down by 60% due to the winding down of certain contingent
market situations that sustained prices a year ago.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A better reported operating profit (up by &euro;288
million) was offset by higher income taxes (up by &euro;258 million). The Group reported tax rate was 57.7% up by six percentage
points q-o-q due to the effect in 2017 of the Zohr transaction that was classed as a non-taxable item.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; color: #C00000">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Net borrowings and cash flow from operations</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Change</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">2,047</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left">Net profit (loss)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">948</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">967</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">(19)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Adjustments to reconcile net profit (loss) to net cash provided by operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,207</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- depreciation, depletion and amortization and other non monetary items</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,990</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,056</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(66)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,951)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- net gains on disposal of assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(343)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">342</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,449</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- dividends, interests and taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,368</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">222</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,314</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Changes in working capital related to operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1,074)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(924)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(150)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(748)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">Dividends received, taxes paid, interests (paid) received</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">(1,044)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(970)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(74)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">3,318</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash provided by operating activities</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,187</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">1,932</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">255</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,188)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Capital expenditure</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(2,541)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,831)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">290</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(37)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(36)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,463</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Disposal of consolidated subsidiaries, businesses, tangible and intangible assets and investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">67</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">557</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(490)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,740)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Other cash flow related to capital expenditure, investments and disposals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(140)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">185</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(325)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">3,846</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Free cash flow</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(464)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(193)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(271)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">455</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Borrowings (repayment) of debt related to financing activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(265)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(160)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(105)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,788)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Changes in short and long-term financial debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(889)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,039)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Dividends paid and changes in non-controlling interests and reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(13)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">Effect of changes in consolidation, exchange differences and cash and cash equivalent</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">(19)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(13)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">1,500</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">NET CASH FLOW</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(1,638)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(209)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(1,429)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-size: 9pt">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; font-size: 9pt"><FONT STYLE="font-size: 9pt">IVQ</FONT></TD><TD STYLE="font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="4" STYLE="font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">IQ</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 9pt">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">2017</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">(&euro;
    million)</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">2018</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">2017</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; font-size: 9pt"><FONT STYLE="font-size: 9pt">Change</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 10%; color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">3,846</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 48%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">Free
    cash flow</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 10%; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">(464)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 10%; color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(193)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 10%; color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(271)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">Net borrowings of acquired companies</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">(2)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(2)</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">264</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">Net borrowings of divested companies</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(61</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">Exchange differences on net borrowings and other
    changes</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">105</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">38</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">67</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">Dividends paid and changes in non-controlling interest
    and reserves</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">4,049</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2.5pt double; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; font-size: 9pt"><FONT STYLE="font-size: 9pt">CHANGE
    IN NET BORROWINGS</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2.5pt double; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">(362)</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2.5pt double; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(155</FONT>)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2.5pt double; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt"><FONT STYLE="font-size: 9pt">(207)</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Net cash flow from operating activities</B>
amounted to &euro;2.19 billion in the first quarter of 2018. Cash flow from operating activities of the first quarter was also
influenced by a lower level of receivables due beyond the end of the reporting period being sold to financing institutions, compared
to the amount sold at the end of the previous reporting period (approximately &euro;0.47 billion).</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net cash flow from operating activities before
changes in working capital at replacement cost was &euro;3.17 billion, up by 22% compared to the first quarter of 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Capital expenditure for the period was &euro;2.58
billion. Net capex was &euro;1.78 billion, which excluded an entry bonus paid in connection with the award of the two Concession
Agreements in UAE (&euro;712 million) and the share of 2018 capex pertaining to a 10% interest in the Zohr project, which is in
the process of being disposed of. That share of capex will be reimbursed by the buyer to Eni at the closing of transaction, having
retroactive effect to January 1, 2018. The self-financing ratio of net capex was 123% in the first quarter of 2018.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; color: #C00000">Summarized Group Balance Sheet</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">Mar. 31, 2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Dec. 31, 2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Change</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 61%; color: #C00000; font-weight: bold; text-align: left">Fixed assets</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">71,515</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">71,415</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">100</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net working capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.125in">Inventories</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">4,326</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,621</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(295)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in">Trade receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">11,729</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,182</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,547</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in">Trade payables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(10,956)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(10,890)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(66)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in">Tax payables and provisions for, net deferred tax liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(3,774)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,387)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,387)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-left: 0.125in">Provisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(13,096)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,447)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">351</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Other current assets and liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">649</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">287</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">362</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(11,122)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(11,634)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">512</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Provisions for employee post-retirements benefits</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(1,059)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(1,022)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(37)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">Assets held for sale including related liabilities</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">176</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">236</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">(60)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">CAPITAL EMPLOYED, NET</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">59,510</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">58,995</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">515</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Eni's shareholders equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">48,181</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">48,030</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">151</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">51</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Shareholders' equity</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">48,232</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">48,079</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">153</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">Net borrowings</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">11,278</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">10,916</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">362</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">59,510</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">58,995</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">515</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold">Leverage</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">0.23</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">0.23</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; border-bottom: Black 2.5pt double">Gearing</TD><TD STYLE="font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">0.19</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">0.18</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">0.01</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">As of March 31, 2018,
<B>fixed assets</B> increased by &euro;100 million to &euro;71,515 million due to capital expenditure for the period (&euro;2,541
million) partly offset by DD&amp;A (&euro;1,864 million) and negative currency movements (&euro;1,280 million). The increase in
the item &ldquo;Equity-accounted investments and other investments&rdquo; was &euro;624 million due to a new accounting of equity
instruments required by IFRS 9.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Net working capital</B>
was in negative territory at minus &euro;11,122 million and increased by &euro;512 million from December 31, 2017 driven by higher
trade receivables (&euro;1,547 million), mainly in the G&amp;P segment reflecting the impact of seasonal factors as well as lower
volumes of trade receivables due beyond end of the reporting period, which were transferred to factoring institution.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Shareholders&rsquo;
equity including non-controlling interest </B>was &euro;48,232 million, up by &euro;153 million. This was due to the net profit
for the period, which was offset by negative foreign currency translation differences (&euro;1,007 million) reflecting a weaker
dollar compared to the euro (the exchange rate at March 31, 2018 was down by 3% from the end of 2017).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif"><B>Net borrowings<SUP>2</SUP></B>
at March 31, 2018 was &euro;11,278 million, slightly higher than 2017 (up by &euro;362 million).</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font: 8pt Symbol; color: #C00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 9pt Times New Roman, Times, Serif">As of March 31, 2018,
the ratio of net borrowings to shareholders&rsquo; equity including non-controlling interest &ndash; <B>leverage</B><SUP>3</SUP>
&ndash; was 0.23, unchanged from the end of 2017.</FONT></TD></TR>
</TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt"><SUP>2</SUP> Details on net borrowings
are furnished on page 22.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt"><SUP>3</SUP>
Non-GAAP financial measures and other alternative performance indicators disclosed throughout this press release are accompanied
by explanatory notes and tables in line with guidance provided by ESMA guidelines on alternative performance measures (ESMA/2015/1415),
published on October 5, 2015. For further information, see the section &ldquo;Non-GAAP measures&rdquo; of this press release.
See pages 16 and subsequent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><I>Other information, basis
of presentation and disclaimer</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Article No. 15 (former Article No. 36) of
Italian regulatory exchanges (Consob Resolution No. 20249 published on December 28, 2017).</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Continuing listing standards about issuers that
control subsidiaries incorporated or regulated in accordance with laws of extra-EU countries.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain provisions have been enacted to regulate
continuing Italian listing standards of issuers controlling subsidiaries that are incorporated or regulated in accordance with
laws of extra-EU countries, also having a material impact on the consolidated financial statements of the parent company. Regarding
the aforementioned provisions, the Company discloses that:</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- as of March 31, 2018, ten of Eni&rsquo;s subsidiaries:
Eni Congo SA, Eni Norge AS, Eni Petroleum Co Inc, Nigerian Agip Oil Co Ltd, Nigerian Agip Exploration Ltd, Eni Finance USA Inc,
Eni Trading &amp; Shipping Inc, Eni Canada Holding Ltd, Eni Turkmenistan Ltd and Eni Ghana Exploration and Production Ltd - fall
within the scope of the new continuing listing standards.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- the Company has already adopted adequate procedures
to ensure full compliance with the new regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This press release for first quarter of
2018 has been prepared on a voluntary basis according to article 82-ter, Regulations on issuers (Consob Regulation No. 11971
of May 14, 1999 and subsequent amendments and inclusions). The disclosure of results and business trends on a quarterly basis
is consistent with Eni&rsquo;s policy to provide the market and investors with regular information about the Company&rsquo;s
financial and industrial performances and business prospects considering the reporting policy followed by oil&amp;gas peers
who are communicating results on quarterly basis. Results and cash flow are presented for the first quarter of 2018 and of
2017 as well as the fourth quarter of 2017. Information on the Company&rsquo;s financial position relates to end of the
periods as of March 31, 2018 and December 31, 2017.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts set forth herein have been
prepared in accordance with the evaluation and recognition criteria set by the International Financial Reporting Standards
(IFRS) issued by the International Accounting Standards Board (IASB) and adopted by the European Commission according to the
procedure set forth in Article 6 of the European Regulation (CE) No. 1606/2002 of the European Parliament and European
Council of July 19, 2002. These criteria are unchanged from the 2017 Annual report on form 20-F filed with the US SEC on
April 6, 2018, which investors are urged to read, excepted for the adoption of IFRS 9 and 15.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Adoption of IFRS 9 and IFRS 15</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective January 1, 2018, the new accounting
standards IFRS 15 &ldquo;Revenue from Contracts with Customers&rdquo; and IFRS9 &ldquo;Financial instruments&rdquo; are current.
For both standards Eni elected to apply the cumulative effect method, whereby the retrospective re-measurement of net equity is
recognized as restatement of the opening balance of net equity at January 1, 2018, considering the transactions current at that
date, without restating the comparative reporting periods.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Further details are disclosed in the Annual
report on Form 20-F 2017, in the note 7&rdquo; IFRSs not yet adopted&rdquo; of the Consolidated financial statements. The table
below summarizes the impacts of these IFRSs on the opening balances as of January, 1, 2018. No effects were recorded at the Group
net borrowings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Reported</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Impact</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">Restated</FONT></TD><TD STYLE="font-weight: bold; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">(&euro; million)</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">January
    1, 2018</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">IFRS
    9</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">IFRS
    15</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Reclassifications</B></FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">January
    1, 2018</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Current assets</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">36,433</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(427)</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(372)</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 9%; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">35,634</FONT></TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">of which: Trade and other receivables</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">15,737</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">(427)</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">(372)</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">(466)</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">14,472</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.5in"><FONT STYLE="font-size: 9pt">Other current assets</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">1,573</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">466</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">2,039</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Non-current assets</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">78,172</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">721</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">247</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">79,140</FONT></TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">of which: Intangible assets</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">2,925</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">87</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">3,012</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.5in"><FONT STYLE="font-size: 9pt">Other investments</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">219</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">681</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">900</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.5in"><FONT STYLE="font-size: 9pt">Deferred tax assets</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">4,078</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">71</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">166</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">4,315</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Assets held for sale</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">323</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">323</FONT></TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">TOTAL ASSETS</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">114,928</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">294</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(125)</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">115,097</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Current liabilities</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">24,735</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(113)</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">24,622</FONT></TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">of which: Trade and other payables</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">16,748</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">(113)</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">(1,330)</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">15,305</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.5in"><FONT STYLE="font-size: 9pt">Other current liabilities</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">1,515</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt">1,330</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">2,845</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Non-current liabilities</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">42,027</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">37</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">42,064</FONT></TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Liabilities directly associated with assets held
    for sale</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">87</FONT></TD><TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">87</FONT></TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">TOTAL LIABILITIES</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">66,849</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(76)</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">66,773</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">TOTAL SHAREHOLDERS' EQUITY</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">48,079</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">294</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(49)</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">48,324</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 9pt">TOTAL
    LIABILITIES AND SHAREHOLDERS' EQUITY</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">114,928</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">294</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 9pt">(125)</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">115,097</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">* * *</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left"></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Non-GAAP financial measures and other alternative
performance indicators disclosed throughout this press release are accompanied by explanatory notes and tables in line with guidance
provided by ESMA guidelines on alternative performance measures (ESMA/2015/1415), published on October 5, 2015. For further information,
see the section &ldquo;Alternative performance measures (Non-GAAP measures)&rdquo; of this press release.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Eni&rsquo;s Chief Financial Officer, Massimo
Mondazzi, in his position as manager responsible for the preparation of the Company&rsquo;s financial reports, certifies that data
and information disclosed in this press release correspond to the Company&rsquo;s evidence and accounting books and records, pursuant
to rule 154-bis paragraph 2 of Legislative Decree No. 58/1998.</I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Disclaimer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>This press release, in particular the statements
under the section &ldquo;Outlook&rdquo;, contains certain forward-looking statements particularly those regarding capital expenditure,
development and management of oil and gas resources, dividends, allocation of future cash flow from operations, future operating
performance, gearing, targets of production and sales growth, new markets and the progress and timing of projects. By their nature,
forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will
or may occur in the future. Actual results may differ from those expressed in such statements, depending on a variety of factors,
including the timing of bringing new fields on stream; management&rsquo;s ability in carrying out industrial plans and in succeeding
in commercial transactions; future levels of industry product supply; demand and pricing; operational issues; general economic
conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations;
development and use of new technology; changes in public expectations and other changes in business conditions; the actions of
competitors and other factors discussed elsewhere in this document. Due to the seasonality in demand for natural gas and certain
refined products and the changes in a number of external factors affecting Eni&rsquo;s operations, such as prices and margins of
hydrocarbons and refined products, Eni&rsquo;s results from operations and changes in net borrowings for the quarter of the year
cannot be extrapolated on an annual basis.</I></P>

<P STYLE="color: rgb(46,116,181); font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Company Contacts</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Press Office: +39.0252031875 - +39.0659822030</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Freephone for shareholders (from Italy): 800940924</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Freephone for shareholders (from abroad): +80011223456</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>Switchboard: +39-0659821</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>ufficio.stampa@eni.com</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>segreteriasocietaria.azionisti@eni.com</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>investor.relations@eni.com</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>website: www.eni.com</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Eni</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Societ&agrave; per Azioni Rome, Piazzale Enrico
Mattei, 1</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Share capital: &euro;4,005,358,876 fully paid.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Tax identification number 00484960588</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Tel.: +39 0659821 - Fax: +39 0659822141</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">This press release for the first quarter of 2018 (unaudited) is also
available on Eni&rsquo;s website <B>eni.com</B>.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 75%; background-color: rgb(255,215,87); padding: 3pt 5.4pt"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Alternative performance measures (Non-GAAP measures)</B></FONT></TD>
    <TD STYLE="width: 25%; padding: 3pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt">Management evaluates
underlying business performance on the basis of Non-GAAP financial measures, not determined in accordance with IFRS (&ldquo;Alternative
performance measures&rdquo;), such as adjusted operating profit and adjusted net profit, which are arrived at by excluding from
reported operating profit and net profit certain gains and losses, defined special items, which include, among others, asset impairments,
gains on disposals, risk provisions, restructuring charges and, in determining the business segments&rsquo; adjusted results,
finance charges on finance debt and interest income (see below). In determining adjusted results, also inventory holding gains
or losses are excluded from base business performance, which is the difference between the cost of sales of the volumes sold in
the period based on the cost of supplies of the same period and the cost of sales of the volumes sold calculated using the weighted
average cost method of inventory accounting as required by IFRS, except in those business segments where inventories are utilized
as a lever to optimize margins.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management is disclosing Non-GAAP measures of
performance to facilitate a comparison of base business performance across periods, and to allow financial analysts to evaluate
Eni&rsquo;s trading performance on the basis of their forecasting models.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Non-GAAP financial measures should be read together
with information determined by applying IFRS and do not stand in for them. Other companies may adopt different methodologies to
determine Non-GAAP measures. Follows the description of the main alternative performance measures adopted by Eni. The measures
reported below refer to the performance of the reporting periods disclosed in this press release:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Adjusted operating and net profit</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Adjusted operating and net profit are
determined by excluding inventory holding gains or losses, special items and, in determining the business segments&rsquo;
adjusted results, finance charges on finance debt and interest income. The adjusted operating profit of each business segment
reports gains and losses on derivative financial instruments entered into to manage exposure to movements in foreign currency
exchange rates, which impact industrial margins and translation of commercial payables and receivables. Accordingly, also
currency translation effects recorded through profit and loss are reported within business segments&rsquo; adjusted operating
profit. The taxation effect of the items excluded from adjusted operating or net profit is determined based on the specific
rate of taxes applicable to each of them. Finance charges or income related to net borrowings excluded from the adjusted net
profit of business segments are comprised of interest charges on finance debt and interest income earned on cash and cash
equivalents not related to operations. Therefore, the adjusted net profit of business segments includes finance charges or
income deriving from certain segment operated assets, i.e., interest income on certain receivable financing and securities
related to operations and finance charge pertaining to the accretion of certain provisions recorded on a discounted basis (as
in the case of the asset retirement obligations in the Exploration &amp; Production segment).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Inventory holding gain or loss</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This is the difference between the cost of sales
of the volumes sold in the period based on the cost of supplies of the same period and the cost of sales of the volumes sold calculated
using the weighted average cost method of inventory accounting as required by IFRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Special items</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These include certain significant income
or charges pertaining to either: (i) infrequent or unusual events and transactions, being identified as non-recurring items
under such circumstances; (ii) certain events or transactions which are not considered to be representative of the ordinary
course of business, as in the case of environmental provisions, restructuring charges, asset impairments or write ups and
gains or losses on divestments even though they occurred in past periods or are likely to occur in future ones; in this
respect, from the reporting period 2017 special items comprise an adjustment to align the doubtful credit allowance of the
retail G&amp;P business (included in the G&amp;P reportable segment) to the &ldquo;expected loss&rdquo; accounting model
replacing the criteria of the incurred loss in the evaluation of the recoverability of trade receivables. The new criterion
will be adopted in GAAP accounts effective January 1, 2018. This result adjustment is consistent with management assessment
of this business performance and improves the correlation between revenues and costs incurred in the period with respect to
the current accounting method; or (iii) exchange rate differences and derivatives relating to industrial activities and
commercial payables and receivables, particularly exchange rate derivatives to manage commodity pricing formulas which are
quoted in a currency other than the functional currency. Those items are reclassified in operating profit with a
corresponding adjustment to net finance charges, notwithstanding the handling of foreign currency exchange risks is made
centrally by netting off naturally-occurring opposite positions and then dealing with any residual risk exposure in the
exchange rate market.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As provided for in Decision No. 15519 of July
27, 2006 of the Italian market regulator (CONSOB), non-recurring material income or charges are to be clearly reported in the management&rsquo;s
discussion and financial tables. Also, special items allow to allocate to future reporting periods gains and losses on re-measurement
at fair value of certain non hedging commodity derivatives and exchange rate derivatives relating to commercial exposures, lacking
the criteria to be designed as hedges, including the ineffective portion of cash flow hedges and certain derivative financial instruments
embedded in the pricing formula of long-term gas supply agreements of the Exploration &amp; Production segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Leverage</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Leverage is a Non-GAAP measure of the
Company&rsquo;s financial condition, calculated as the ratio between net borrowings and shareholders&rsquo; equity, including
non-controlling interest. Leverage is the reference ratio to assess the solidity and efficiency of the Group balance sheet in
terms of incidence of funding sources including third-party funding and equity as well as to carry out benchmark analysis
with industry standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Gearing</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gearing is calculated as the ratio between net
borrowings and capital employed net and measures how much of capital employed net is financed recurring to third-party funding.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Free cash flow</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Free cash flow represents the link
existing between changes in cash and cash equivalents (deriving from the statutory cash flows statement) and in net
borrowings (deriving from the summarized cash flow statement) that occurred from the beginning of the period to the end of
period. Free cash flow is the cash in excess of capital expenditure needs. Starting from free cash flow it is possible to
determine either: (i) changes in cash and cash equivalents for the period by adding/deducting cash flows relating to
financing debts/receivables (issuance/repayment of debt and receivables related to financing activities), shareholders&rsquo;
equity (dividends paid, net repurchase of own shares, capital issuance) and the effect of changes in consolidation and of
exchange rate differences; (ii) changes in net borrowings for the period by adding/deducting cash flows relating to
shareholders&rsquo; equity and the effect of changes in consolidation and of exchange rate differences.</P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Net borrowings</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net borrowings is calculated as total finance
debt less cash, cash equivalents and certain very liquid investments not related to operations, including among others non-operating
financing receivables and securities not related to operations. Financial activities are qualified as &ldquo;not related to operations&rdquo;
when these are not strictly related to the business operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt"><B>Reconciliation
tables of Non-GAAP results to the most comparable measures of financial performance determined in accordance to GAAPs</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(&euro; million)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font-size: 8pt">IQ
    2018</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Exploration
    &amp;<BR>
    Production</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Gas
    &amp; Power</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Refining
    &amp; Marketing <BR>
    and Chemicals</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Corporate
    and other <BR>
    activities</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Impact
    of unrealized<BR> intragroup profit<BR> elimination</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">GROUP</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 40%; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Reported operating
    profit (loss)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,966</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">398</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">138</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(157)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">54</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2,399</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Exclusion of inventory holding (gains)
    losses</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(99)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(95)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of special items:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">environmental charges</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">33</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">51</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">impairment losses (impairment reversals),
    net</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">13</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">29</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">net gains on disposal of assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">risk provisions</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">65</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">67</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">provision for redundancy incentives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">6</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">commodity derivatives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(67)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(67)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">exchange rate differences and derivatives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(19)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(16)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">other</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">33</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(6)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(12)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">7</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Special
    items of operating profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">119</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(76)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">38</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(5)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">76</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Adjusted operating profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">2,085</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">322</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">77</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(162)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">58</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2,380</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net finance (expense) income <SUP>(a)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(56)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(163)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(204)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net income (expense) from investments <SUP>(a)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">35</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">11</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">23</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">72</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Income taxes <SUP>(a)</SUP></FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(1,140)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(121)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(45)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">56</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(18)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(1,268)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">Tax rate (%)</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">55.2</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">36.0</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">40.2</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">56.4</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Adjusted
    net profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">924</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">215</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">67</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(266)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">40</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">980</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">of which:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">- Adjusted net profit (loss) of non-controlling interest</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">- Adjusted
    net profit (loss) attributable to Eni's shareholders</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">978</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Reported
    net profit (loss) attributable to Eni's shareholders</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">946</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of inventory holding (gains) losses</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(67)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">Exclusion of special items</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">99</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Adjusted
    net profit (loss) attributable to Eni's shareholders</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">978</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><SUP>(a)</SUP> Excluding special items.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(&euro; million)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font-size: 8pt">IQ 2017</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Exploration
    &amp;<BR> Production</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Gas
    &amp; Power</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Refining
    &amp; Marketing<BR> and Chemicals</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Corporate
    and other<BR> activities</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Impact
    of unrealized<BR> intragroup profit<BR> elimination</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">GROUP</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 40%; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Reported operating
    profit (loss)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,628</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">214</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">364</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(118)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">23</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2,111</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Exclusion of inventory holding (gains)
    losses</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(44)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(199)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(16)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(259)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of special items:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">environmental charges</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">7</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">impairment losses (impairment reversals),
    net</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">19</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">20</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">net gains on disposal of assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(343)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(343)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">risk provisions</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">84</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">84</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">provision for redundancy incentives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">6</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">commodity derivatives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">188</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(11)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">177</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">exchange rate differences and derivatives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">9</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(14)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(6)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 9.35pt"><FONT STYLE="font-size: 8pt">other</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">35</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(8)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">8</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">37</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Special
    items of operating profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(213)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">168</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">24</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(18)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Adjusted operating profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,415</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">338</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">189</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(115)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">1,834</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net finance (expense) income <SUP>(a)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">56</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">6</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(207)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(145)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net income (expense) from investments <SUP>(a)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">18</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">10</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">15</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">42</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Income taxes <SUP>(a)</SUP></FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(859)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(133)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(71)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">78</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(985)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">Tax rate (%)</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">57.7</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">38.8</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">35.7</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">56.9</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Adjusted
    net profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">630</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">210</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">128</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(229)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">7</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">746</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">of which:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">- Adjusted net profit (loss) of non-controlling interest</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">- Adjusted net profit (loss)
    attributable to Eni's shareholders</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">744</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Reported net profit (loss) attributable
    to Eni's shareholders</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">965</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of inventory holding (gains) losses</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(186)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of special items</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(35)</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Adjusted
    net profit (loss) attributable to Eni's shareholders</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">744</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><SUP>(a)</SUP> Excluding special items.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">(&euro; million)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font-size: 8pt">IVQ 2017</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Exploration
    &amp;<BR>
    Production</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Gas
    &amp; Power</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Refining
    &amp; Marketing <BR>
    and Chemicals</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Corporate
    and other <BR>
    activities</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Impact
    of unrealized<BR> intragroup profit<BR> elimination</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">GROUP</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 40%; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Reported operating
    profit (loss)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">4,131</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">206</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">217</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(142)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(72)</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="width: 7%; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">4,340</FONT></TD><TD STYLE="width: 1%; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Exclusion of inventory holding (gains)
    losses</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">29</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(174)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(149)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of special items:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">environmental charges</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">46</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">83</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">8</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">137</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">impairment losses (impairment reversals),
    net</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(155)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(141)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(35)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">16</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(315)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">net gains on disposal of assets</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(2,926)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(11)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(2,937)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">risk provisions</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">279</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">282</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">provision for redundancy incentives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">12</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(10)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">commodity derivatives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">exchange rate differences and derivatives</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(36)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(13)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(47)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.125in"><FONT STYLE="font-size: 8pt">other</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">516</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">126</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">45</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">690</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Special
    items of operating profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(2,264)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(20)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">70</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">26</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(2,188)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Adjusted operating profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,867</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">215</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">113</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(116)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(76)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2,003</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net finance (expense) income <SUP>(a)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(39)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(163)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(199)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net income (expense) from investments <SUP>(a)</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">117</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(4)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(24)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">92</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Income taxes <SUP>(a)</SUP></FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(853)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(98)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">(51)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">22</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">27</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(953)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">Tax rate (%)</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">43.9</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">46.2</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">43.2</FONT></TD><TD STYLE="font-style: italic; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">50.3</FONT></TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Adjusted
    net profit (loss)</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">1,092</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">114</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">67</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(281)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right"><FONT STYLE="font-size: 8pt">(49)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">943</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic"><FONT STYLE="font-size: 8pt">of which:</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">- Adjusted net profit (loss) of non-controlling interest</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">- Adjusted net profit (loss)
    attributable to Eni's shareholders</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">943</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 8pt">Reported net profit (loss) attributable
    to Eni's shareholders</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">2,047</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of inventory holding (gains) losses</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(105)</FONT></TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Exclusion of special items</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">(999)</FONT></TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Adjusted
    net profit (loss) attributable to Eni's shareholders</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">943</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><SUP>(a)</SUP> Excluding special items.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Breakdown of special items</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; font-size: 9pt">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; font-size: 9pt">IVQ</TD><TD STYLE="font-weight: bold; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD NOWRAP STYLE="font-size: 9pt">&nbsp;</TD><TD STYLE="font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center; font-size: 9pt">IQ</TD><TD STYLE="font-weight: bold; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; font-size: 9pt">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; font-size: 9pt">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-size: 9pt">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; font-size: 9pt">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 9pt">(&euro; million)</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 9pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242); font-size: 9pt">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; font-size: 9pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; font-size: 9pt">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="width: 1%; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; font-size: 9pt">137</TD><TD STYLE="width: 1%; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="width: 1%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="width: 61%; text-align: left; font-size: 9pt">Environmental charges</TD><TD STYLE="width: 1%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">51</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="width: 1%; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; font-size: 9pt">7</TD><TD STYLE="width: 1%; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">(315)</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">Impairment losses (impairment reversals), net</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">29</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">20</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">(2,937)</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">Net gains on disposal of assets</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">(343)</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">282</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">Risk provisions</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">67</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">84</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">2</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">Provisions for redundancy incentives</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">6</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">6</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">Commodity derivatives</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">(67)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">177</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">(47)</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">Exchange rate differences and derivatives</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">(16)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">(6)</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; font-size: 9pt">690</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt">Other</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">7</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; font-size: 9pt">37</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">(2,188)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt; font-size: 9pt">Special items of operating profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">76</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">(18)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">268</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">Net finance (income) expense</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">20</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">6</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; font-size: 9pt">of which:</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; font-size: 9pt">47</TD><TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">- exchange rate differences and derivatives reclassified to operating profit (loss)</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">16</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; font-size: 9pt">6</TD><TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt">468</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt">Net income (expense) from investments</TD><TD STYLE="color: #CC0000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">4</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: right; font-size: 9pt">(2)</TD><TD STYLE="color: #CC0000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; font-size: 9pt">of which:</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; font-size: 9pt">1</TD><TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">- gains on disposal of assets</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; font-size: 9pt">467</TD><TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">- impairment/revaluation of equity investments</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">453</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">Income taxes</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">(1)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">(21)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; font-size: 9pt">of which:</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; font-size: 9pt">115</TD><TD STYLE="font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; font-size: 9pt">- USA tax reform</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-size: 9pt">&nbsp;</TD>
    <TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: right; font-size: 9pt">&nbsp;</TD><TD STYLE="text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right; font-size: 9pt">338</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; padding-bottom: 1pt; font-size: 9pt">- taxes on special items of operating profit and other special items</TD><TD STYLE="font-style: italic; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">(1)</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="font-style: italic; border-bottom: Black 1pt solid; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: right; font-size: 9pt">(21)</TD><TD STYLE="border-bottom: Black 1pt solid; font-style: italic; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent; font-size: 9pt">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">(999)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt; font-size: 9pt">Total special items of net profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242); font-size: 9pt">99</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242); font-size: 9pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; font-size: 9pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; font-size: 9pt">(35)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; font-size: 9pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; background-color: rgb(255,215,87); padding: 3pt 5.4pt"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Analysis of Profit and Loss account items</B></FONT></TD>
    <TD STYLE="width: 40%; padding: 3pt 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">Net sales from operations</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">5,571</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 48%; text-align: left">Exploration &amp; Production</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">5,473</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">4,950</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">10.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,541</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Gas &amp; Power</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">13,742</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,942</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.4)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,799</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Refining &amp; Marketing and Chemicals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">5,566</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,515</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.9</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">4,787</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- Refining &amp; Marketing</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">4,433</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">4,294</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">3.2</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,130</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">- Chemicals</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">1,272</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,346</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(5.5)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(118)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- Consolidation adjustments</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">(139)</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(125)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">431</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Corporate and other activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">361</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">348</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,797)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Consolidation adjustments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(7,210)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,708)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">17,545</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">17,932</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">18,047</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(0.6)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">Operating expenses</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">13,740</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 48%; text-align: left">Purchases, services and other</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">12,832</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">13,523</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(5.1)</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">591</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Impairment losses (impairment reversals), net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">114</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">96</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">687</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Payroll and related costs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">844</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">784</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.7</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">2</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.125in">&nbsp;of which: provision for redundancy incentives and other</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">6</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">6</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">15,018</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">13,790</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">14,403</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(4.3)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">DD&amp;A, impairments, reversals and write-off</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,582</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 48%; text-align: left">Exploration &amp; Production</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">1,640</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,646</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(0.4)</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">85</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Gas &amp; Power</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">91</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Refining &amp; Marketing and Chemicals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">97</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">77</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- Refining &amp; Marketing</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">76</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">75</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.3</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">16</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">- Chemicals</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">21</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">14</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">50.0</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Corporate and other activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">14</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(12.5)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Impact of unrealized intragroup profit elimination</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(7)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,768</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total depreciation, depletion and amortization</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1,835</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,833</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0.1</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(319)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Impairment losses (impairment reversals), net</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">29</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">20</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">45.0</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">1,449</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Depreciation, depletion, amortization, impairments and reversals</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1,864</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">1,853</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">0.6</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">61</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Write-off of tangible and intangible assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">6</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">144</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(95.8)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">1,510</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1,870</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">1,997</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(6.4)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 22 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income (expense) from investments</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">IQ 2018</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Exploration &amp;<BR> Production</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Gas &amp; <BR>
Power</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Refining &amp; <BR> Marketing<BR>
 and Chemicals</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Corporate <BR>
and other <BR>
activities</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">Group</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 40%; text-align: left">Share of gains (losses) from equity-accounted investments</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">33</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">11</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">2</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">(1)</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 9%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">45</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid">Dividends</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">23</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">35</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">11</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">23</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(1)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">68</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify; background-color: rgb(255,215,87)"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Leverage and net borrowings</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Leverage is a measure used by management to
assess the Company&rsquo;s level of indebtedness. It is calculated as a ratio of net borrowings to shareholders&rsquo; equity,
including non-controlling interest. Management periodically reviews leverage in order to assess the soundness and efficiency of
the Group balance sheet in terms of optimal mix between net borrowings and net equity, and to carry out benchmark analysis with
industry standards.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">Mar. 31, <BR>
2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Dec. 31, <BR>
2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Change</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 61%; text-align: left">Total debt</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">23,638</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">24,707</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(1,069)</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.125in">&nbsp;- Short-term debt</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">3,774</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">4,528</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(754)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left; padding-left: 0.125in">&nbsp;- Long-term debt</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">19,864</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">20,179</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(315)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(5,725)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,363)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,638</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Securities held for trading and other securities held for non-operating purposes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(6,402)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,219)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(183)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Financing receivables held for non-operating purposes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">(233)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(209)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(24)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">Net borrowings</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">11,278</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">10,916</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">362</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Shareholders' equity including non-controlling interest</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">48,232</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">48,079</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">153</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">Leverage</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">0.23</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">0.23</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Net borrowings are calculated under Consob provisions on Net Financial
Position (Com. no. DEM/6064293 of 2006).</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">Bonds maturing in the 18-months period starting on March 31, 2018</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt; text-align: left; vertical-align: top">Issuing entity</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 9pt"><B>Amount at</B><BR> <B>March 31, 2018 <SUP>(a)</SUP></B></FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 87%; font-weight: bold; text-align: left">Eni SpA</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">2,301</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Eni Finance International SA</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">427</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,728</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(a) Amounts include interest accrued and discount on issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Bonds issued in the first quarter of 2018 (guaranteed
by Eni Spa)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Bonds were not issued in the first quarter of 2018.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; padding: 3pt 5.4pt; background-color: rgb(255,215,87)"><FONT STYLE="font-size: 14pt"><B>Consolidated financial statements</B></FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 14pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>BALANCE SHEET</B></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">Mar. 31, 2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Dec. 31, 2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold">ASSETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 74%; text-align: left">Cash and cash equivalents</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">5,725</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">7,363</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Other financial activities held for trading</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">6,402</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,012</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Financial assets available for sale</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">207</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Trade and other receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">16,797</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,737</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>Inventories</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">4,326</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,621</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Current tax assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">183</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">191</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Other current tax assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">581</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">729</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">1,854</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,573</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">35,868</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">36,433</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Property, plant and equipment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">62,390</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">63,158</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Inventory - compulsory stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,353</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,283</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Intangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2,958</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,925</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Equity-accounted investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">3,478</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,511</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Other investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">876</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">219</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Other financial assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,732</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,675</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Deferred tax assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">3,966</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,078</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">1,400</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,323</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">78,153</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">78,172</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Assets held for sale</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">303</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">323</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">TOTAL ASSETS</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">114,324</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">114,928</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">LIABILITIES AND SHAREHOLDERS' EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Short-term debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2,312</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,242</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Current portion of long-term debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,462</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,286</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Trade and other payables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">15,234</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,748</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Income taxes payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">696</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">472</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Other taxes payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2,513</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,472</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">2,545</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,515</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">24,762</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">24,735</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Long-term debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">19,864</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,179</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Provisions for contingencies</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">13,096</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,447</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Provisions for employee benefits</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,059</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,022</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Deferred tax liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">5,705</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,900</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">1,479</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,479</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">41,203</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">42,027</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Liabilities directly associated with assets held for sale</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">127</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">87</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">TOTAL LIABILITIES</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">66,092</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">66,849</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">SHAREHOLDERS' EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Non-controlling interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">51</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">49</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Eni shareholders' equity:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>Share capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">4,005</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,005</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Reserve related to the fair value of cash flow hedging derivatives net of tax effect</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">139</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">183</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Other reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">43,672</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,490</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>Treasury shares</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(581)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(581)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">Interim dividend</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,441)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net profit (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">946</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,374</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Total Eni shareholders' equity</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">48,181</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">48,030</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">TOTAL SHAREHOLDERS' EQUITY</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">48,232</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">48,079</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">114,324</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">114,928</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 24 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>GROUP PROFIT AND LOSS ACCOUNT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">REVENUES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">17,545</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 61%; text-align: left">Net sales from operations</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">17,932</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">18,047</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,333</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Other income and revenues</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">135</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">485</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">20,878</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total revenues</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">18,067</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">18,532</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">OPERATING EXPENSES</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,740)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Purchases, services and other</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(12,832)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13,523)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(591)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Impairment reversals (impairment losses) of trade and other receivables, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(114)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(96)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(687)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Payroll and related costs</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(844)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(784)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(10)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Other operating (expense) income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(8)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(21)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,768)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Depreciation, Depletion and Amortization</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(1,835)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(1,833)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">319</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Impairment reversals (impairment losses), net</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(29)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(20)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(61)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Write-off of tangible and intangible assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(6)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(144)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">4,340</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">OPERATING PROFIT (LOSS)</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,399</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">2,111</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">FINANCE INCOME (EXPENSE)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">667</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Finance income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">804</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,326</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,232)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Finance expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1,088)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,498)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Income (expense) from other financial activities held for trading</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(6)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">117</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Derivative financial instruments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">66</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">(467)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(224)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">(151)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">INCOME (EXPENSE) FROM INVESTMENTS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(431)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Share of profit (loss) of equity-accounted investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">45</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Other gain (loss) from investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">23</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">(376)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">68</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">44</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">3,497</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">PROFIT (LOSS) BEFORE INCOME TAXES</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,243</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">2,004</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,450)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income taxes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">(1,295)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,037)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,047</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net profit (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">948</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">967</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">attributable to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,047</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Eni's shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">946</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">965</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;- Non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Net profit (loss) per share attributable to Eni's shareholders (&euro; per share)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.57</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- basic</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">0.26</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.27</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">0.57</TD><TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">- diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">0.26</TD><TD STYLE="text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">0.27</TD><TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 25 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><B>COMPREHENSIVE INCOME (LOSS)</B></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center">(&euro; million)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 74%; color: #C00000; font-weight: bold; text-align: left">Net profit (loss)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">948</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">967</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">Items that may be reclassified to profit in later periods</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(1,040)</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(930)</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">Currency translation differences</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">(1,007)</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(718)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">Change in the fair value of cash flow hedging derivatives</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">(60)</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(304)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">Share of "Other comprehensive income" on equity-accounted entities</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">11</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">18</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic">Taxation</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">16</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">74</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">Total other items of comprehensive income (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(1,040)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">(930)</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Total comprehensive income (loss)</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(92)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">37</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">attributable to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; text-indent: 12.05pt">- Eni's shareholders</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(94)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">35</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 12pt; border-bottom: Black 1pt solid">- Non-controlling interest</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">2</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242); border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">2</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>CHANGES IN SHAREHOLDERS&rsquo; EQUITY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 74%; color: #C00000; font-weight: bold">Shareholders' equity at January 1, 2017:</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">53,086</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 12pt">Total comprehensive income (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 12pt">Other changes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total changes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">47</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">Shareholders' equity at March 31, 2017:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">53,133</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 12pt">attributable to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; text-indent: 12.05pt">&nbsp;- Eni's shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">53,081</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 12pt">&nbsp;- Non-controlling interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">52</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold">Shareholders' equity at December 31, 2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">48,079</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; text-indent: 12pt">Impact of adoption IFRS 9 anf IFRS 15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">245</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold">Shareholders' equity at January 1, 2018:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">48,324</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 12pt">Total comprehensive income (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(92)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total changes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(92)</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 1pt">Shareholders' equity at March 31, 2018:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: right">48,232</TD><TD STYLE="border-bottom: Black 1pt solid; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">attributable to:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; text-indent: 12.05pt">&nbsp;- Eni's shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">48,181</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double; text-indent: 12pt">&nbsp;- Non-controlling interest</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">51</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 26 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>GROUP CASH FLOW STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">2,047</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 61%; color: #C00000; font-weight: bold; text-align: left">Net profit (loss)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">948</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">967</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Adjustments to reconcile net profit (loss) to net cash provided by operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,768</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Depreciation, depletion and amortization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,835</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,833</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(319)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Impairment losses (impairment reversals), net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">29</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Write-off of tangible and intangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">6</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">144</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">431</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Share of (profit) loss of equity-accounted investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(45)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(29)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,951)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Gains on disposal of assets, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(343)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(77)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Dividend income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(23)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(68)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Interest income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(43)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(48)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">139</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">168</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Income taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,295</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,037</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">270</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Other changes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">130</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">91</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Changes in working capital:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(122)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- inventories</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">188</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(219)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(273)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- trade receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1,916)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,501)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,484</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- trade payables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">95</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">257</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- provisions for contingencies</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">104</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">106</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- other assets and liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">455</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">492</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,314</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Cash flow from changes in working capital</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">(1,074)</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(924)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Net change in the provisions for employee benefits</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">35</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">114</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Dividends received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">5</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Interest received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">21</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(90)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Interest paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(186)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(184)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(825)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Income taxes paid, net of tax receivables received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(884)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(798)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">3,318</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net cash provided by operating activities</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,187</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,932</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,143)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- tangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(2,507)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,727)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(45)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- intangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(34)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(104)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- consolidated subsidiaries and businesses net of cash and cash equivalent acquired</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(15)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(22)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(36)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(100)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(241)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(65)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(216)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- financing receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(193)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(320)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(162)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- change in payables in relation to investing activities and capitalized depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(8)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">495</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(2,673)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Cash flow from investing activities</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">(3,020)</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(2,757)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Disposals:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,138</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- tangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">6</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">557</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- intangible assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,361</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">32</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(436)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- income taxes paid on disposals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">398</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">29</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">188</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">5</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">545</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- financing receivables</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">80</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">215</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,540)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- change in receivables in relation to disposals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(48)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(300)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">3,656</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Cash flow from disposals</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">104</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">472</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">983</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Net cash used in investing activities <SUP>(*)</SUP></B></FONT></TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">(2,916)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">(2,285)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>GROUP CASH FLOW STATEMENT (continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">437</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 61%; text-align: left">Increase in long-term debt</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">511</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">753</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,682)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Repayments of long-term debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1,568)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(67)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(543)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Increase (decrease) in short-term debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">168</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(536)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">(2,788)</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(889)</TD><TD STYLE="font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">150</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Dividends paid to Eni's shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,788)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net cash used in financing activities</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(890)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">150</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Effect of change in consolidation (inclusion/exclusion of significant/insignificant subsidiaries)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Effect of exchange rate changes on cash and cash equivalents and other changes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(19)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(11)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,500</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net cash flow for the period</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">(1,638)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(209)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">5,863</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Cash and cash equivalents - beginning of the period</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">7,363</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">5,674</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">7,363</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">Cash and cash equivalents - end of the period</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">5,725</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">5,465</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(*) Net cash used in investing activities included investments and
divestments (on net basis) in held-for-trading financial assets and other investments/divestments in certain short-term financial
assets. Due to their nature and the circumstance that they are very liquid, these financial assets are netted against finance debt
in determing net borrowings. Cash flows of such investments were as follows:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">455</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="width: 61%; font-weight: bold; text-align: left; text-indent: 12.05pt; border-bottom: Black 2.5pt double">Net cash flow from financing activities</TD><TD STYLE="width: 1%; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">(265)</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="width: 10%; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">(160)</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><B>SUPPLEMENTAL INFORMATION</B></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="font-weight: bold">Investment of consolidated subsidiaries and businesses</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 61%; text-align: left">Current assets</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">2</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">23</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Cash and cash equivalents (Net borrowings)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Current and non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(8)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net effect of investments</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">16</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>less:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(1)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Investment of consolidated subsidiaries and businesses net of cash and cash equivalent</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">15</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Disposal of consolidated subsidiaries and businesses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">39</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">691</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Non-current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">9</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(264)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Cash and cash equivalents (Net borrowings)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(72)</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Current and non-current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">(16)</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">377</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net effect of disposals</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">32</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,984</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Gain on disposal</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,361</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold">Selling price</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">32</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>less:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Cash and cash equivalents disposed of</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double">2,361</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double">Disposal of consolidated subsidiaries and businesses net of cash and cash equivalent</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">32</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 2.5pt double">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 2.5pt double">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0">Capital expenditure</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(&euro; million)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">1,854</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 48%; text-align: left">Exploration &amp; Production</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; text-align: right; background-color: rgb(242,242,242)">2,432</TD><TD STYLE="width: 1%; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">2,771</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">(12.2)</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">5</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- acquisition of proved and unproved properties</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">712</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 9pt"><I>..</I></FONT></TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">73</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- g&amp;g costs</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">64</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">65</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(1.5)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">56</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">- exploration</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">65</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">199</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(67.3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1,698</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">- development</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">1,586</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">2,495</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(36.4)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">22</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- other expenditure</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">5</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">12</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(58.3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Gas &amp; Power</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">42</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">..</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">290</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Refining &amp; Marketing and Chemicals</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">125</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">215</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">- Refining &amp; Marketing</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">100</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">68</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">47.1</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">75</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">- Chemicals</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">25</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">32</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(21.9)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Corporate and other activities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">11</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">57.1</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 1pt">Impact of unrealized intragroup profit elimination</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: rgb(242,242,242)">(5)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1)</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">2,261</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Capital expenditure</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,605</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">2,896</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(10.0)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">73</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Cash out in net cash flow from operating activities</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">64</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">65</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(1.5)</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">2,188</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Cash out in net cash flow from investment activities</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">2,541</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">2,831</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">(10.2)</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the first quarter of 2018, capital expenditure
amounted to &euro;2,541 million (&euro;2,831 million in the first quarter of 2017) and mainly related to:</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- development activities (&euro;1,586 million)
deployed mainly in Egypt, Ghana, Libya, Congo, Angola, Norway and Italy. The acquisition of proved and unproved reserves of &euro;712
million relates to the entry bonus in two producing concession agreements in the Arabian Emirates;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- refining activity in Italy and outside Italy
(&euro;89 million) aimed at reconversion of Gela refinery into a bio-refinery, reconstruction works of the EST conversion plant
at the Sannazzaro refinery, maintain plants&rsquo; integrity, as well as initiatives in the field of health, security and environment;
marketing activity, mainly regulation compliance and stay in business initiatives in the refined product retail network in Italy
and in the Rest of Europe (&euro;11 million);</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">- initiatives relating to gas marketing (&euro;39
million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash-outs comprised in net cash from operating
activities (&euro;64 million) relate to geological and geophysical studies as part of the exploration activities, which are charged
to expenses.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 19pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Exploration &amp; Production</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 9pt"><B>PRODUCTION OF OIL AND NATURAL GAS
BY REGION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">1,892</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Production of oil and natural gas <SUP>(a) (b) </SUP></B></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right; text-indent: 8pt">&nbsp;(kboe/d)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1,867</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">1,795</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Italy</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">144</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">154</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">163</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Europe</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">218</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">202</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">542</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">North Africa</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">442</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">483</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">240</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Egypt</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">259</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">224</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">365</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Sub-Saharan Africa</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">348</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">302</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">130</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Kazakhstan</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">139</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">142</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">139</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Asia</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">151</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Americas</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">142</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">172</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Australia and Oceania</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">24</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">165.0</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Production sold <SUP>(a) </SUP></B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-bottom: 2.5pt; text-indent: 8pt">&nbsp;(mmboe)</TD><TD STYLE="color: #C00000; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">157.5</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: right">151.3</TD><TD STYLE="border-bottom: Black 2.5pt double; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>PRODUCTION OF LIQUIDS BY REGION</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">861</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Production of liquids <SUP>(a)</SUP></B></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right; text-indent: 8pt">(kbbl/d)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">885</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">832</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">64</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Italy</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">64</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Europe</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">132</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">107</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">175</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">North Africa</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">151</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">153</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">76</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Egypt</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">77</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">265</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Sub-Saharan Africa</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">251</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">215</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">83</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Kazakhstan</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">88</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">87</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">47</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Asia</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">52</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">51</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Americas</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">68</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">79</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Australia and Oceania</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right; background-color: rgb(242,242,242)">2</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">3</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B>PRODUCTION OF NATURAL GAS BY REGION</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">5,625</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt; color: #C00000"><B>Production of natural gas <SUP>(a) (b)</SUP></B></FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right; text-indent: 8pt">(mmcf/d)</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">5,358</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">5,254</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">448</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Italy</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">436</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">484</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">453</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Europe</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">469</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">513</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,003</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">North Africa</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1,595</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,797</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">897</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Egypt</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">989</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">832</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">545</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Sub-Saharan Africa</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">528</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">479</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">256</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Kazakhstan</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">277</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">302</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">502</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rest of Asia</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">543</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">226</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">407</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Americas</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">401</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">509</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">114</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Australia and Oceania</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right; background-color: rgb(242,242,242)">120</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">112</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(a) Includes Eni&rsquo;s share of production of equity-accounted
entities.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">(b) Includes volumes of gas consumed in operation (539 and 476 mmcf/d
in the first quarter of 2018 and 2017, respectively, and 578 mmcf/d in the fourth quarter 2017).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 19pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gas &amp; Power</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0">Natural gas sales by market</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right">IVQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD NOWRAP COLSPAN="6" STYLE="font-weight: bold; text-align: center">IQ</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD NOWRAP COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid">(bcm)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)">2018</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">% Ch.</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">9.62</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 48%; color: #C00000; font-weight: bold">ITALY</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">11.19</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">10.38</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; color: #C00000; font-weight: bold; text-align: right">7.8</TD><TD STYLE="width: 1%; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- Wholesalers</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2.68</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.96</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9.5)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.31</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- Italian exchange for gas and spot markets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2.97</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.77</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">67.8</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- Industries</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1.21</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.14</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.1</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.27</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- Medium-sized enterprises and services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">0.31</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.36</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(13.9)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.52</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- Power generation</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">0.32</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.22</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45.5</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.54</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>- Residential</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">2.11</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2.34</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9.8)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.64</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- Own consumption</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">1.59</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.59</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">11.86</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">INTERNATIONAL SALES</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">11.25</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">12.90</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(12.8)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">10.26</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold">Rest of Europe</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">9.28</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">11.53</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(19.5)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.99</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- Importers in Italy</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">0.89</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14.4)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9.27</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">- European markets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="text-align: right; background-color: rgb(242,242,242)">8.39</TD><TD STYLE="text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10.49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(20.0)</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.24</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">Iberian Peninsula</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">1.27</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.25</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.6</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.91</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">Germany/Austria</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">0.87</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.99</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(56.3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.35</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">Benelux</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">1.28</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.57</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(18.5)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.56</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">UK</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">0.78</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.68</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">14.7</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">2.08</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">Turkey</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">2.00</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">2.18</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(8.3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">1.94</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">France</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">1.96</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">2.52</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(22.2)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.19</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic">Other</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right; background-color: rgb(242,242,242)">0.23</TD><TD STYLE="font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">0.30</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; text-align: right">(23.3)</TD><TD STYLE="font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1.60</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold">Rest of World</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">1.97</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">1.37</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">43.8</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">21.48</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">WORLDWIDE GAS SALES</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: rgb(242,242,242)">22.44</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">23.28</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: right">(3.6)</TD><TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: transparent">
    <TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: right">2.40</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; border-bottom: Black 2.5pt double">of which: LNG sales</TD><TD STYLE="font-style: italic; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: right; background-color: rgb(242,242,242)">2.70</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left; background-color: rgb(242,242,242)">&nbsp;</TD><TD STYLE="font-style: italic; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: right">2.00</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-style: italic; border-bottom: Black 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: right">35.0</TD><TD STYLE="border-bottom: Black 2.5pt double; font-style: italic; text-align: left">&nbsp;</TD></TR>
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#C__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
