SAIPEM: Update on the buy-back of ordinary shares and conclusion of the programme

Milan (Italy), July 31, 2024 – With regard to the buy-back programme of ordinary shares (ISIN: IT0005495657) of Saipem S.p.A. (hereinafter the “Company” or “Saipem”) - launched on January 15, 2024 (as per the press release issued on the same date) - to service the 2023 allocation of the Company’s 2023-2025 Long-Term Variable Incentive Plan, implementing the resolution taken by the Shareholders’ Meeting on May 3, 2023 (the “Programme”), the Company, from July 29 to 31, 2024 (included), bought back on the Euronext Milan Market a total of no. 6,484,000 own shares (equal to 0.32% of the share capital) at the weighted average price of Euro 2.205346 per share, for a total amount of Euro 14,299,461.80.

Below are the details of all daily transactions made in the period, on a daily aggregate basis, collated from the information provided by Banca Akros S.p.A., the authorized intermediary responsible for carrying out the purchases covered by this press release and the Programme.

Pursuant to Article 2, Paragraph 2, of Delegated Regulation (EU) No. 1052/2016, attached to this press release are details of daily purchase transactions carried out in the period indicated above.

The Company also announces that, following the aforementioned transactions, today the Programme ended under which a total of 28,984,000 own shares (equal to 1.45 % of the share capital) were bought back at an average price of Euro 1.6296 per share, for a total countervalue of Euro 47,232,967, in accordance with and within the limits of the resolution taken by the aforementioned Shareholders’ Meeting.

Following the purchases made since the launch of the Programme and considering the treasury shares already in the portfolio, as at July 31, 2024, Saipem holds no. 29,370,464 treasury shares, representing 1.47% of the share capital.

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The company has 8 fabrication yards and an offshore fleet of 23 construction vessels (of which 21 owned and 2 owned by third parties and managed by Saipem) and 15 drilling rigs, of which 8 owned. Always oriented towards technological innovation, the company’s purpose is “Engineering for a sustainable future”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 120 nationalities.

Website: www.saipem.com

Switchboard: +39 0244231

Media relations

E-mail: media.relations@saipem.com

Investor Relations

E-mail: investor.relations@saipem.com

Contact point for retail investors

E-mail: segreteria.societaria@saipem.com