Saipem Press Release (pursuant to the art. 144 octies , 2nd paragraph, and art. 66 – Issuers Regulations)

 April 07, 2008; h 12:00

San Donato Milanese (Milan), 7 April 2008 – With reference to item seven on the Agenda of the
Shareholders’ meeting (Appointment of the Board of Statutory Auditors) to be held on 21 April
2008 at 10:00 hrs (first summons), or, on 28 April 2008 at 10:00 hrs (second summons), we inform
that only one slate was submitted within the deadline for the submission of slates of candidates, as
provided by Article 27 of the Company By-Laws and Article 144 – sexties, fourth paragraph, of
Issuers Regulations.
Therefore, pursuant to Article 144 – octies, second paragraph, of Issuers Regulations, all
shareholders with voting rights representing at least 0.5% of share capital may submit, for five days
from today, slates of candidates accompanied by the documents required by Article 27 of the
Company By-Laws and Article 144 – sexies, third and fourth paragraphs, of Issuers Regulations.

Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.

Website: www.saipem.it
Switchboard: +39-025201
Shareholder Information:
Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI), Italy
Relations with institutional investors and financial analysts:
Tel.: +39-02520.34653
Fax: +39-02520.54295
E-mail: investor.relations@Saipem.eni.it