Saipem : Board of Directors appoints the members of the Board Committees

San Donato Milanese (Milan), May 16, 2018 - The Board of Directors of Saipem S.p.A., convened today, approved the appointments to the internal Board Committees, as follows:

• Audit and Risk Committee:

- Ines Mazzilli, Chairman (non-executive and independent Director),

- Paul Schapira (non-executive and independent Director),

- Leone Pattofatto (non-executive and non-independent Director).

All members have adequate experience in the area of accounting and finance or risk management, as required by the Corporate Governance Code;

• Compensation and Nomination Committee:

- Paolo Fumagalli, Chairman (non-executive and independent Director),

- Federico Ferro - Luzzi (non-executive and independent Director),

- Paul Schapira (non-executive and independent Director).

All members have adequate knowledge and experience in the area of finance or remuneration policies, as required by the Corporate Governance Code.

• Sustainability, Scenarios and Governance Committee:

- Francesco Caio, Chairman (non-executive and non-independent Director),

- Maria Elena Cappello (non-executive and independent Director),

- Claudia Carloni (non-executive and non-independent Director),

- Federico Ferro-Luzzi (non-executive and independent Director).

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with 'EPC' and 'EPCI' contracts (on a 'turn-key' basis) and has distinctive capabilities and unique assets with a high technological content.

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