Saipem

Financial Calendar for 2007 Review and delivery of financial results. The dates for 2007

San Donato Milanese (Milan), 10 January 2007 - Saipem announces the dates of the publication of its financial results, to be approved by the Company's Board of Directors during 2007:

• 21 February 2007: Preliminary Consolidated Financial Statements at 31 December 2006;
press release and conference call ;
• 28 March 2007: Saipem S.p.A. Consolidated and Statutory Financial Statements at 31
December 2006 and dividend estimate for the 2006 financial year; press release;
• 9 May 2007: Report on the first quarter of 2007; press release and conference call;
• 24 July 2007: Report on the second quarter of 2007 and preliminary first half data as at
30 June 2007; press release and conference call;
• 19 September 2007: Report on the first half of 2007; press release;
• 7 November 2007: Report on the third quarter of 2007; press release and conference call.
The Annual General Meeting of Shareholders for the approval of the financial statements of Saipem S.p.A. at 31 December 2006 and the allocation of net income will be held on 27 and 30 April 2007 (first and second call, respectively).
Saipem will avail itself of the exemption allowed by Consob Regulations, enabling listed companies not to approve nor publish the Report on the fourth quarter of 2006, as Saipem Group consolidated financial statements and Saipem S.p.A. financial statements for the year ended on 31 December 2006 will be published within 90 days of the end of the 2006 financial year.
The dividend for the 2006 financial year will be paid on 24 May 2007 (ex-dividend date: 21 May
2007).
Any amendment to the above calendar will be notified to the market in due time.

pag. 1 di 2

Saipem

Website : www.saipem.eni.it Switchboard: +39-025201 Shareholder Information:

Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI), Italy

Relations with institutional investors and financial analysts:

Tel.: +39-02520.34653 Fax: +39-02520.54295

E-mail : investor.relations@saipem.eni.it

pag. 2 di 2

distributed by