Sergio Polito Named Senior VP for Procurement at Eni

Saipem announces that, effective September 1, 2006, Sergio Polito, General Manager for Procurement, Assets and R&D, will leave the company, taking up his new position as Senior Vice President for Procurement at Eni. Sergio Polito's responsibilities with Saipem will be reassigned within the company.

Saipem thanks Sergio Polito for his valuable professional and personal contribution to Saipem's growth and for his important work over his many years with the company.

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