Saipem: publication of the minutes of the Board of Directors’ meeting

 December 23, 2010; h 12:15

San Donato Milanese (Milan), 23 December 2010 – Saipem informs that at a meeting on December 13, 2010 the Board of Directors approved the amendments to the Articles of Association required by new regulations concerning Shareholders’ rights and the auditing of accounts. The minutes of the Board meeting are available to the public at the Company’s Headquarters, Borsa Italiana S.p.A and they can be downloaded from Saipem’s website www.saipem.com.

Saipem 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.com
Switchboard:+39-02520.1
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.com