Conclusion of the buy-back programme for Saipem treasury shares to cover the 2016-2018 Long-Term Incentive Plan

Saipem S.p.A. informs that it has completed the buy-back programme (the “Programme”) for Saipem ordinary shares approved by the Shareholders’ Meeting on April 28, 2017, which concerned the buy-back of the Company’s own shares to cover the 2017 allocation of the 2016-2018 Long Term Incentive Plan (the ‘Plan’), as approved by the Shareholders’ Meeting on April 29, 2016, pursuant to article 84-bis, paragraph 2 of the Issuers’ Regulation and article 114-bis of Italian Legislative Decree 58/98.

Over the period July 26 – August 1, 2017 (inclusive), a total of no. 7,841,200 treasury shares (representing 0.776% of the ordinary shares issued) were bought back, corresponding to the number indicated by the Board of Directors at their meeting of July 24, 2017. All buy-back transactions were made on the regulated Computerized Trading Market MTA at an average price of Euro 3.448 per share, for a total counter-value of Euro 27,070,546.

Accordingly, having regard for the other treasury shares already held at the start of the Programme (no. 7,106,134 shares, representing 0.703% of the share capital) and the treasury shares purchased under the Programme, at today’s date Saipem holds no. 14,947,334 treasury shares representing 1.479% of the share capital.

N.B. – The text does not bind the staff of LMFInternational. Only the companies, organizations and associations which sign the press release and which are clearly indicated in the title of the text, are responsible for its information and contents.