Eni Continues to Eye Distrigaz, Picks up Share from Publigaz

Following Eni’s announcement of May 29, 2008 in relation to its proposed acquisition from Suez-Tractebel S.A. of a 57.243% interest in Distrigaz S.A. / Distrigas N.V., Eni confirms that it has signed a non-binding term sheet with Publigaz S.C.R.L. / Publigas C.V.B.A., which owns a 31.25% interest in Distrigaz, in connection with the possible relationship between the parties in their capacity as reference shareholders of Distrigaz.

Eni and Publigaz are now in exclusive discussions with a view to signing, within a limited period of time, definitive documentation that will be binding and would include the waiver of Publigaz’s pre-emption right in respect of the 57.243% interest in Distrigaz and arrangements in relation to general corporate governance.
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