REGULATED INFORMATION Buy-back programme for Saipem ordinary shares to cover the 2016-2018 Long-Term Incentive Plan

San Donato Milanese (Milan), August 3, 2016 - During the first week since the launch of the programme (July 28 - 29, 2016 inclusive), Saipem S.p.A. purchased no. 22,710,000 treasury shares (equal to 0.225% of the share capital) at the average price of Euro 0.3931 per share, for a total countervalue of Euro 8,928,192, under the power granted by the Company's Shareholders at their meeting of April 29, 2016.

Daily purchases are detailed hereafter:

DATE

NUMBER OF SHARES PURCHASED

AVERAGE UNITARY PRICE

COUNTERVALUE

28/07/2016

2,500,000

Euro 0.4169

Euro 1,042,250

29/07/2016

20,210,000

Euro 0.3902

Euro 7,885,942

TOTAL

22,710,000

Euro 0.3931

Euro 8,928,192

As at July 29, 2016, Saipem S.p.A. holds no. 24,649,832 treasury shares, representing 0.244% of the share capital.

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.

Website: www.saipem.com Switchboard: +39 025201 Media relations Tel: +39 0252034088; E-mail: www.saipem.com iCorporate press office Tel: +39 024678752; Mobile: +39 3669134595; E-mail: saipem@icorporate.it Brunswick Group UK press office Tel.: + 44 020 7404 5959; E-mail: SAIPEM@BrunswickGroup.com Relations with institutional investors and financial analysts Tel: +39 0252034653; Fax: +39 0252054295; E-mail: investor.relations@saipem.com Contact point for retail investors E-mail: segreteria.societaria@saipem.com

Saipem S.p.A. published this content on 03 August 2016 and is solely responsible for the information contained herein.
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