1. KVBG – Synergrid Brussels, 26 May 2009 Erwin Van Bruysel, CEO Distrigas

2. KVBG - Synergrid 26 May 20092 Shareholder structure of Distrigas Situation as of 5 May 2009 Belgian State 100% Eni 1 golden share

3. KVBG - Synergrid 26 May 20093 Eni is one of the seven major oil companies and, among those, the global leader for gas sales 1,578 1,389 1,191 623 ** Oil & Gas production, 2007 MMBoe 131.7 116.7 112.2 83.9 79.7 52.0 49.5 Gas sales, 2007 Bcm 16.7 bcm* from Distrigas * Adjusted for Eni gas calorific value ** Includes production of 42 Bcm of gas, equal to 40% of total production Source: JS Herold, Company annual reports

4. KVBG - Synergrid 26 May 20094 Eni is the first gas player in the European Gas Market 2007 Gas Sales (bcm) * Eni pro-forma sales including Distrigas (adjusted for Eni gas calorific value) Source: Cedigaz (2008) 116 bcm gas sales of Eni G&P in 2007: 21% market share in Europe 116 61 78 53 includes 17 bcm* from Distrigas

5. KVBG - Synergrid 26 May 20095 Bcm 2007 2011 Equity2020 Contracted7987 Diversified gas portfolio Equity and contracted gas secured to match growing demand Attractive contractual structure Competitive supply cost Significant commercial flexibility Equity Contracted FROM QATAR (DISTRIGAS) Eni growth is built on attractive and diversified natural gas supply portfolio*… * Figures excluding Distrigas acquisition Contract “life index” extended to over 20 years (the longest among peers)

6. KVBG - Synergrid 26 May 20096 Growing gas demand in Europe

7. KVBG - Synergrid 26 May 20097 Growing gas demand worldwide Development of natural gas shares in primary energy consumption USA Japan EU 25% 22% 14% Development of natural gas shares in primary energy consumption USA Japan EU 25% 22% 14% 2005/06Growth by 2020 bcm Gas demand in 2005/06 and growth until 2020 Source: E.ON Ruhrgas, Wood Mackenzie. 0 200 400 600 800 1,000 USA EU J, SK, T China India

8. KVBG - Synergrid 26 May 20098 European gas supply prospects New supply capacity is needed by 2020 Bcm 12% Intra-EU production 18% Norway 15% Africa (Algeria 12%, Libya 3%) 30% Russia 5% Others (Central Asia, Middle East) 10% Africa (West Africa 4%, Algeria 4%, Egypt 2%...) 6% Middle East (Qatar 4%, Iran...) 4% Others (Norway 1%, Latin Amer. 1%...) Source: CEDIGAZ Major supply sources

9. KVBG - Synergrid 26 May 20099 Context of the European Gas Market Gas is available but must be brought to Europe NORWAY 2 960 VENEZUELA 5 150 NIGERIA 5300 ALGERIA 4 500 NETHERLANDS 1 250 EX-USSR 53 200 IRAN 27 800 QATAR 25 600 EMIRATES 6 090 Billion m 3 Source: BP Statistical Review 2008 6000 km 4000 km 2000 km GREAT BRITAIN 410

10. KVBG - Synergrid 26 May 200910 Natural Gas Demand : Eurogas, Cedigaz and EU Scenarios... Important uncertainties EU : Business as usual, New Energy Policy and Eurogas and Cedigaz scenarios Bcm 399 438 0 700 2005 EU 27 (NEP) 505 577 EU 27 (BAU) 2020 Sources: European Commission 2008, Second Strategic Energy Review; EC 2007, European Energy and Transport, Trends to 2030. Cedigaz, Eurogas 445 600 EU 27 (Cedigaz) EU 27 (Eurogas Scenario)

11. KVBG - Synergrid 26 May 200911 EU New Energy Policy Reduction of Greenhouse Gases by 20% Increase of Renewable Energy Sources to 20% market share Increase energy efficiency by 20% climate competitiveness security of supply

12. KVBG - Synergrid 26 May 200912 Conclusion Additional gas supply for Europe is available but requires additional investments. These investments have to be based on gas demand forecasts which are very hard to determine in the current economical and political environment. There is an urgent need to clarify and limit at maximum the uncertainties on gas demand to provide a better climate for investment in gas production and delivery capacities.