Obligation ENI Energia S.p.A. 3.75% ( XS0970852348 ) en EUR

Société émettrice ENI Energia S.p.A.
Prix sur le marché 100 %  ⇌ 
Pays  Italie
Code ISIN  XS0970852348 ( en EUR )
Coupon 3.75% par an ( paiement annuel )
Echéance 12/09/2025 - Obligation échue



Prospectus brochure de l'obligation ENI S.p.A XS0970852348 en EUR 3.75%, échue


Montant Minimal /
Montant de l'émission /
Description détaillée ENI S.p.A. est une compagnie énergétique italienne intégrée, active dans l'exploration et la production d'hydrocarbures, le raffinage, la distribution et la vente de produits énergétiques, ainsi que dans les énergies renouvelables.

L'Obligation émise par ENI Energia S.p.A. ( Italie ) , en EUR, avec le code ISIN XS0970852348, paye un coupon de 3.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 12/09/2025







Debt Issuance Programme Base Prospectus dated 19 October 2012
Eni S.p.A.
(incorporated with limited liability in the Republic of Italy)
as Issuer and as Guarantor of the Notes issued by
eni finance international SA
(incorporated with limited liability in the Kingdom of Belgium)
as Issuer
Euro 15,000,000,000
EURO MEDIUM TERM NOTE PROGRAMME DUE FROM MORE
THAN 12 MONTHS FROM THE DATE OF ORIGINAL ISSUE
Under the Euro Medium Term Note Programme (the "Programme") described in this Debt Issuance Programme Base Prospectus (the "Base Prospectus"), each of Eni
S.p.A. ("Eni") and eni finance international SA ("EFI" and, in its capacity as an issuer of Notes (as defined below), together with Eni in such capacity, the "Issuers" and each
of EFI and Eni, in such capacity, individually, an "Issuer"), in accordance with the Distribution Agreement (as defined on page 125) and the Agency Agreement (as defined on
page 52) and subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the "Notes"). Notes issued by Eni
("Eni Notes") will constitute obbligazioni pursuant to Article 2410 et seq. of the Italian Civil Code. Notes issued by EFI ("EFI Notes") will be unconditionally and irrevocably
guaranteed as to payments of principal, premium (if any) and interest (if any) by Eni (in such capacity, the "Guarantor"). The aggregate nominal amount of Notes outstanding
will not at any time exceed euro 15,000,000,000 (or the equivalent in other currencies).
Application has been made to the Luxembourg Commission de Surveillance du Secteur Financier (the "CSSF"), in its capacity as competent authority under the
Luxembourg Act dated 10 July 2005 (the "Luxembourg Prospectus Act") relating to prospectuses for securities, for the approval of this Base Prospectus as a base prospectus
for the purpose of Article 5.4 of Directive 2003/71/EC, as amended, to the extent that such amendments have been implemented in the relevant Member State of the European
Economic Area (the "Prospectus Directive"). Pursuant to article 7(7) of the Luxembourg Prospectus Act, by approving this prospectus, the CSSF gives no undertaking as to
the economic and financial soundness of the Notes to be issued hereunder or the quality or solvency of the Issuers.
Application has also been made to the Luxembourg Stock Exchange for the Notes described in this Base Prospectus to be admitted to the official list of the Luxembourg
Stock Exchange (the "Official List") and to be admitted to trading on the regulated market of the Luxembourg Stock Exchange during the period of 12 months after the date
hereof. The Luxembourg Stock Exchange's regulated market is a regulated market for the purpose of Directive 2004/39/EC of the European Parliament and of the Council on
markets in financial instruments. The Programme also permits Notes to be issued on the basis that they will not be admitted to listing, trading and/or quotation by any listing
authority, stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation by such other or further listing authorities, stock exchanges and/or
quotation systems. The relevant Final Terms (as defined herein) in respect of the issue of any Notes will specify whether or not such Notes will be listed on the Official List and
admitted to trading on the regulated market of the Luxembourg Stock Exchange and/or such other listing authority, stock exchange and/or quotation system, as the case may
be, on or before the date of issue of the Notes of each Tranche (as defined on page 13).
The minimum denomination of all Notes issued under the Programme shall be euro 100,000 and integral multiples of euro 1,000 in excess thereof (or its equivalent in
any other currency as at the date of issue of the Notes).
Each Series (as defined on page 13) of Eni Notes in bearer form will be represented on issue by a temporary global note in bearer form (each, a "temporary Global
Note") or a permanent global note in bearer form (each, a "permanent Global Note" and, together with the temporary Global Note, the "Global Notes"). EFI Notes will be in
bearer form only and each Series will be represented on issue by a permanent global note in bearer form (each, a "permanent Global Note"). Notes in registered form will be
represented by registered certificates (each a, "Certificate"), one Certificate being issued in respect of each Noteholder's (as defined herein) entire holding of Registered Notes
of one Series. In the case of Eni Notes, if the Global Notes are stated in the applicable Final Terms to be issued in new global note ("NGN") form, the Global Notes will be
delivered on or prior to the original issue date of the relevant Tranche to a common safekeeper (the "Common Safekeeper") for Euroclear Bank SA/N.V. ("Euroclear") and
Clearstream Banking, société anonyme ("Clearstream, Luxembourg") (the "Common Depositary").
Global Notes which are not issued in NGN form ("Classic Global Notes" or "CGNs") and Certificates may (or in the case of Notes listed on Luxembourg Stock Exchange,
will) be deposited on the issue date of the relevant Tranche with a common depositary on behalf of Euroclear and Clearstream, Luxembourg. In the case of EFI Notes, Global
Notes may (or, in the case of Notes listed on the Luxembourg Stock Exchange, will) be deposited with the operator of the X/N Clearing System, currently being the National
Bank of Belgium. The provisions governing the exchange of interests in Global Notes for other Global Notes and Definitive Notes (as defined on page 82) are described in
"Summary of Provisions Relating to the Notes while in Global Form".
The Programme has been rated "A" by Standard & Poor's Credit Market Services Europe Ltd ("Standard & Poor's") and "A3" by Moody's Investors Service, Limited
("Moody's"). Standard & Poor's and Moody's are established in the European Union and registered under Regulation (EC) No 1060/2009 (as amended) on credit rating
agencies (the "CRA Regulation"), as set out in the list of credit rating agencies registered in accordance with the CRA Regulation published on the website of the European
Securities and Markets Authority ("ESMA") at http://www.esma.europa.eu/page/List-registered-and-certified-CRAs, pursuant to the CRA Regulation. Tranches of Notes issued
under the Programme may be rated or unrated. Where a Tranche of Notes is to be rated, such ratings may not necessarily be the same as the ratings assigned to the
Programme and shall be specified in the relevant Final Terms. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension,
reduction or withdrawal at any time by the assigning rating agency. Whether or not each credit rating applied for in relation to any Tranche of Notes will be treated as having
been issued by a credit rating agency established in the European Union and registered under the CRA Regulation will be disclosed in the relevant Final Terms.
Prospective investors should have regard to the factors described under the section headed "Risk Factors" in this Base Prospectus. The Base Prospectus
does not describe all of the risks of an investment in the Notes.
The issue price and the amount of the relevant Notes will be determined at the time of the offering of each Tranche based on then prevailing market conditions.
Arranger for the Programme
Goldman Sachs International
Dealers
Banca IMI Barclays
BNP PARIBAS Credit Suisse
Deutsche Bank Goldman Sachs International
HSBC J.P. Morgan
Morgan Stanley The Royal Bank of Scotland
UBS Investment Bank UniCredit Bank


This Base Prospectus comprises two base prospectuses in respect of each of Eni and EFI
for the purposes of Article 5.4 of the Prospectus Directive and for the purpose of giving
information with regard to the Issuers, the Guarantor and its consolidated subsidiaries taken as a
whole (the "Group"), and the Notes and the Guarantee (as defined herein) which, according to the
particular nature of each Issuer, the Guarantor and the Notes, is necessary to enable investors to
make an informed assessment of the assets and liabilities, financial position, profit and losses and
prospects of such Issuer and the Guarantor.
Each Issuer (with respect to itself) and the Guarantor (with respect to itself and jointly and
severally with EFI) (the addresses of the registered office of the Issuers and the Guarantor appear
on page 146 of this Base Prospectus) accepts responsibility for the information contained in this
Base Prospectus. To the best of the knowledge of each Issuer (with respect to itself) and the
Guarantor (with respect to itself and jointly and severally with EFI) (each having taken all
reasonable care to ensure that such is the case), the information contained in this Base
Prospectus is in accordance with the facts in all material respects and does not omit anything
likely to affect the import of such information in any material respect, in each case in the context
of the issue of Notes under the Programme.
This Base Prospectus is to be read in conjunction with all documents which are deemed to
be incorporated herein by reference (see "Documents Incorporated by Reference").
No person has been authorised to give any information or to make any representation other
than those contained in this Base Prospectus in connection with the Programme or with the issue
or sale of the Notes and, if given or made, such information or representation must not be relied
upon as having been authorised by the Issuers, the Guarantor or any of the Dealers or the Arranger
(as defined in "General Description of the Programme"). Neither the delivery of this Base
Prospectus nor any sale made in connection herewith shall, under any circumstances, create any
implication that there has been no change in the affairs of the Issuers or the Guarantor since the
date hereof or the date upon which this Base Prospectus has been most recently amended or
supplemented or that there has been no adverse change in the financial position of either of the
Issuers or the Guarantor since the date hereof or the date upon which this Base Prospectus has
been most recently amended or supplemented or that any other information supplied in
connection with the Programme is correct as of any time subsequent to the date on which it is
supplied or, if different, the date indicated in the document containing the same.
The Notes issued under the Programme are not intended for sale or distribution to, or to be
held by, persons in any jurisdiction other than "professional", "qualified" or "sophisticated"
investors (within the meaning of any applicable laws), including persons whose ordinary activities
involve them acquiring, holding, managing or disposing of investments (as principal or agent) for
the purposes of their businesses or otherwise in circumstances which have not resulted and will
not result in an offer to the public in any country or jurisdiction in which action for that purpose is
required. The distribution of this Base Prospectus and the offering or sale of the Notes in certain
jurisdictions may be restricted by any applicable laws. Persons into whose possession this Base
Prospectus comes are required by the Issuers, the Guarantor, the Dealers and the Arranger to
inform themselves about and to observe any such restriction. The Notes have not been and will not
be registered under the United States Securities Act of 1933, as amended (the "Securities Act"),
and include Notes in bearer form that are subject to U.S. tax law requirements. Subject to certain
exceptions, Notes may not be offered, sold or delivered within the United States or to U.S. persons.
The Notes issued by an Issuer may not be offered, transferred or sold, directly or indirectly,
as part of their initial distribution or at any time thereafter, to any person (including legal entities)
established, incorporated, domiciled or resident in The Netherlands. For a description of certain
restrictions on offers and sales of Notes and on distribution of this Base Prospectus, see "Plan of
Distribution" below.
2


This Base Prospectus does not constitute nor shall it be construed as an offer of, or an
invitation by or on behalf of the Issuers, the Guarantor or the Dealers to subscribe for, or purchase,
any Notes.
To the fullest extent permitted by law, none of the Dealers or the Arranger accepts any
responsibility for the contents of this Base Prospectus. The Arranger and each Dealer accordingly
disclaim all and any liability whether arising in tort or contract which it might otherwise have in
respect of the content of this Base Prospectus. None of this Base Prospectus nor any other
financial statements nor any document incorporated by reference herein is intended to provide the
basis of any credit or other evaluation and should not be considered as a recommendation by
either of the Issuers, the Guarantor, the Arranger or the Dealers that any recipient of this Base
Prospectus or any other financial statements should purchase the Notes. Each potential purchaser
of Notes should determine for itself the relevance of the information contained in this Base
Prospectus and its purchase of Notes should be based upon such investigation as it deems
necessary.
None of the Dealers or the Arranger undertakes to review the financial condition or affairs
of the Issuers or the Guarantor during the life of the arrangements contemplated by this Base
Prospectus nor to advise any investor or potential investor in the Notes of any information coming
to the attention of any of the Dealers or the Arranger.
In connection with the issue of any Tranche (as defined in "General Description of the
Programme -- Method of Issue"), the Dealer or Dealers (if any) named as the stabilising
manager(s) (the "Stabilising Manager(s)") in the applicable Final Terms (or any person acting on
behalf of any Stabilising Manager(s)) may over-allot Notes or effect transactions with a view to
supporting the market price of the Notes at a level higher than that which might otherwise prevail.
However, there is no assurance that the Stabilising Manager(s) (or any person acting on behalf of
any Stabilising Manager) will undertake stabilisation action. Any stabilisation action may begin on
or after the date on which adequate public disclosure of the terms of the offer of the relevant
Tranche is made and, if begun, may be ended at any time, but it must end no later than the earlier
of 30 days after the issue date of the relevant Tranche and 60 days after the date of the allotment
of the relevant Tranche. Any stabilisation action or over-allotment must be conducted by the
relevant Stabilising Manager(s) (or any person acting on behalf of any Stabilising Manager(s)) in
accordance with all applicable laws and rules.
In this Base Prospectus, unless otherwise specified or the context otherwise requires,
references to "U.S.$" are to the lawful currency of the United States, to "£" are to the lawful
currency of the United Kingdom, and to "Euro", "euro" and "5" are to the currency introduced on
1 January 1999 pursuant to the Treaty establishing the European Community, as amended from
time to time.
In compliance with the requirements of the Luxembourg Stock Exchange, this Base
Prospectus is and, in the case of Notes listed on the Official List and admitted to trading on the
regulated market of the Luxembourg Stock Exchange, the relevant Final Terms will be, available on
the website of the Luxembourg Stock Exchange (www.bourse.lu).
3


TABLE OF CONTENTS
Page
DOCUMENTS INCORPORATED BY REFERENCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
PROSPECTUS SUPPLEMENT AND DRAWDOWN PROSPECTUS . . . . . . . . . . . . . . . . . . . . . .
11
GENERAL DESCRIPTION OF THE PROGRAMME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
RISK FACTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
TERMS AND CONDITIONS OF THE NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
52
SUMMARY OF PROVISIONS RELATING TO THE NOTES WHILE IN GLOBAL FORM . . . . . . .
80
USE OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
87
ENI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
88
EFI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
112
BELGIAN TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
114
ITALIAN TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
117
LUXEMBOURG TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
122
EU DIRECTIVE ON THE TAXATION OF SAVINGS INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . .
124
PLAN OF DISTRIBUTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
125
FORM OF FINAL TERMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
129
GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
141
4


DOCUMENTS INCORPORATED BY REFERENCE
This Base Prospectus should be read and construed in conjunction with the following:
(i) the annual audited accounts of each of the Issuers as at and for the years ended
31 December 2010 and 31 December 2011 (the "Annual Reports"), as further described
below:
(a) in relation to Eni, the Annual Reports shall be the English language version thereof,
in consolidated form, and shall include the Auditors' Reports of Reconta Ernst &
Young S.p.A. dated respectively 30 March 2011 and 4 April 2012; and
(b) in relation to EFI, the Annual Reports shall be the non-consolidated English translation
thereof and shall include the Auditors' Reports of Ernst & Young Réviseurs
d'Entreprises SCCRL dated respectively 14 March 2011 and dated 19 March 2012;
(ii) the unaudited interim accounts of each of the Issuers as at and for the six months ended
30 June 2011 and 30 June 2012, as published subsequently to the Annual Reports of each
of the Issuers (the "Interim Accounts"), as further described below:
(a) in relation to Eni, the Interim Consolidated Accounts shall be the English language
version thereof, as contained in the reports for the six months ended 30 June 2011
and 30 June 2012; and
(b) in relation to EFI, the Interim Accounts shall be the non-consolidated English version
thereof for the six months ended 30 June 2011 and 30 June 2012; and
(iii) the Annual Reports for the financial years ended 31 December 2010 and 31 December 2011
on Form 20-F in relation to Eni, including the exhibits thereto, pursuant to the U.S. Securities
Exchange Act of 1934, as amended.
The documents listed at (i)-(iii) have been previously published, or are published simultaneously
with, this Base Prospectus and have been filed with the CSSF. Please note that EFI was previously named
"Eni Coordination Center" but changed its name to "eni finance international" as of 16 September 2011.
All references to Eni Coordination Center SA are, therefore, to be read as meaning EFI.
Such documents shall be incorporated in and form part of this Base Prospectus, save that any
statement contained in a document which is incorporated by reference herein shall be modified or
superseded for the purpose of this Base Prospectus to the extent that a statement contained herein
modifies or supersedes such earlier statement (whether expressly, by implication or otherwise). Any
statement so modified or superseded shall not, except as so modified or superseded, constitute a part of
this Base Prospectus.
Copies of documents incorporated by reference in this Base Prospectus may be obtained from the
offices of the Paying and Transfer Agent in Luxembourg (as set out herein) and will also be available to
view on the website of the Luxembourg Stock Exchange (www.bourse.lu).
Any information contained in any of the documents specified above which is not incorporated by
reference in this Base Prospectus is either not relevant to investors or is covered elsewhere in this Base
Prospectus (in line with Article 28(4) of Regulation (EC) No. 809/2004 implementing the Prospectus
Directive).
5


EFI
For ease of reference, the tables below set out the relevant page references for the financial
statements, the notes to the financial statements and the Independent Auditors' reports for the years
ended 31 December 2010 and 31 December 2011 as set out in the English translations of the audited
annual accounts of EFI. Any information not listed in the cross-reference table but included in the
documents incorporated by reference is given for information purposes only.
Financial Statements for the Fiscal Year ended 31 December 2010
1
Financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 18-20
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 18
Statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 19
Cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 20
2
Notes to financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 21-33
Notes to the balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 21-27
Notes to the statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 28-30
Notes to the commitments and contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 32-33
3
Report of Ernst & Young Réviseurs d'Entreprises SCCRL, Independent Auditors
pages 36-39
Financial Statements for the Fiscal Year ended 31 December 2011
1
Financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 17-19
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 17
Statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 18
Cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 19
2
Notes to financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 20-29
Notes to the balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 20-24
Notes to the statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 25-26
Notes to the commitments and contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 28-29
3
Report of Ernst & Young Réviseurs d'Entreprises SCCRL,
Independent Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 31-33
6


For ease of reference, the tables below set out the relevant page references for the financial
statements and the notes to the financial statements as set out in the English version of the unaudited
interim accounts for the six months ended 30 June 2011 and 30 June 2012 of EFI. Any information not
listed in the cross-reference table but included in the documents incorporated by reference is given for
information purposes only.
Unaudited Financial Statements for the six months ended 30 June 2011
1
Financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 8-10
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 8
Statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 9
Cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 10
2
Notes to financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 11-19
Notes to the balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 11-15
Notes to the statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 16-17
Notes to the commitments and contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 18-19
Unaudited Financial Statements for the six months ended 30 June 2012
1
Financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 10-12
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 10
Statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 11
Cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 12
2
Notes to financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 13-22
Notes to the balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 13-18
Notes to the statements of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 19-20
Notes to the commitments and contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 21-22
7


Eni
For ease of reference, the tables below set out the relevant page references for the consolidated
financial statements, the notes to the consolidated financial statements and the auditors' reports for the
years ended 31 December 2010 and 31 December 2011 as set out in the Annual Reports of Eni. Any
information not listed in the cross-reference table but included in the documents incorporated by reference
is given for information purposes only.
Consolidated Financial Statements for the fiscal year ended 31 December 2010
1
Consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 136-145
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 137
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 138
Statement of comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 139
Statement of changes in shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 140-142
Statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 143-144
Supplemental cash flow information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 145
2
Basis of presentation and principles of consolidation . . . . . . . . . . . . . . . . . . . . . .
pages 146-147
3
Notes to consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 146-231
4
List of Eni's subsidiaries for the year 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 241-246
5
Report of Reconta Ernst & Young S.p.A., independent auditors . . . . . . . . . . . . . .
pages 248-249
6
Legal proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 201-214
Consolidated Financial Statements for the fiscal year ended 31 December 2011
1
Consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 113-121
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 114
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 115
Statement of comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 116
Statement of changes in shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 117-119
Statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 120-121
2
Basis of presentation and principles of consolidation . . . . . . . . . . . . . . . . . . . . . .
pages 122-124
3
Notes to consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 122-207
4
List of Eni's subsidiaries for the year 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 221-226
5
Report of Reconta Ernst & Young S.p.A., independent auditors . . . . . . . . . . . . . .
page 254
6
Legal proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 179-191
8


For ease of reference, the tables below set out the relevant page references for the consolidated
financial statements and notes to the consolidated financial statements for the financial years ended
31 December 2010 and 31 December 2011 as set out in Form 20-F of Eni. Any information not listed in
the cross-reference table but included in the documents incorporated by reference is given for information
purposes only.
Consolidated Financial Statements for the fiscal year ended 31 December 2010
1
Consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages F-4-F-11
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page F-4
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page F-5
Statement of comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page F-6
Statement of changes in shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages F-7-F-9
Statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages F-10-F-11
2
Notes to consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pages F-12-F-111
3
Report of Reconta Ernst & Young S.p.A., independent auditors . . . . . . . . . . . . . .
pages F-1-F-2
4
Report of PricewaterhouseCoopers S.p.A., independent auditors . . . . . . . . . . . .
page F-3
5
Legal proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pages F-77-F-94
Consolidated Financial Statements for the fiscal year ended 31 December 2011
1
Consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages F-4-F-11
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page F-4
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page F-5
Statement of comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page F-6
Statement of changes in shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages F-7-F-9
Statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages F-10-F-11
2
Notes to consolidated financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pages F-12-F-114
3
Report of Reconta Ernst & Young S.p.A., independent auditors . . . . . . . . . . . . . .
pages F-1-F-2
4
Report of PricewaterhouseCoopers S.p.A., independent auditors . . . . . . . . . . . .
page F-3
5
Legal proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pages F-79-F-95
9


For ease of reference, the tables below set out the relevant page references for the consolidated
financial statements, the notes to the consolidated financial statements and the Independent Auditors
report, as set out in the unaudited consolidated Interim Accounts of Eni for the six month periods ended
30 June 2011 and 30 June 2012. Any information not listed in the cross-reference table but included in the
documents incorporated by reference is given for information purposes only.
Consolidated Financial Statements for the six months ended 30 June 2011
1
Condensed consolidated interim financial statements . . . . . . . . . . . . . . . . . . . . . .
pages 67-74
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 68
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 69
Statement of comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 70
Statement of changes in shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 71-72
Statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 73-74
2
Basis of presentation and use of accounting estimates . . . . . . . . . . . . . . . . . . . .
page 75
3
Notes to the condensed consolidated interim financial statements . . . . . . . . . . . .
pages 75-105
4
List of Eni's subsidiaries for the first half of 2011 . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 106-110
5
Report of Reconta Ernst & Young S.p.A., independent auditors . . . . . . . . . . . . . .
page 112
6
Legal proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 93-95
Consolidated Financial Statements for the six months ended 30 June 2012
1
Condensed consolidated interim financial statements . . . . . . . . . . . . . . . . . . . . . .
pages 79-87
Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 80
Profit and loss account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 81
Statement of comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 82
Statement of changes in shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 83-85
Statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 86-87
2
Basis of presentation, use of accounting estimates
and recent accounting principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
page 88
3
Notes to the condensed consolidated interim financial statements . . . . . . . . . . . .
pages 88-128
4
List of Eni's subsidiaries for the first half of 2012 . . . . . . . . . . . . . . . . . . . . . . . . .
pages 129-133
5
Report of Reconta Ernst & Young S.p.A., independent auditors . . . . . . . . . . . . . .
page 135
6
Legal proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
pages 110-116
10


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