

| SAIPEM SPA | 21/04/2008 AGM | |
|---|---|---|
| 1 | Approval of the financial statements | For |
| 2 | Approve the dividend | For |
| 3 | Approval of the 2008 stock option plan | For |
| 4 | Authorisation to acquire and dispose of treasury shares | For |
| 5 | Authorisation to use treasury shares to implement the 2008 stock option plan | For |
| 6 | Election of the board of directors. Related and consequent resolutions. | Oppose |
| 7 | Election of the board of statutory auditors. | Oppose |