The Board of Directors of Saipem S.p.A., chaired by Silvia Merlo and ended August 31, 2022, acknowledged the resignation of the non executive and non independent board member Pier Francesco Ragni communicated on the 19th of August 2022. Mr. Ragni was also member of the Sustainability, Scenarios and Governance Committee. Pier Francesco Ragni was appointed as company's board member by the shareholders' meeting, held on April the 30th 2021, from the jointly list presented by ENI S.p.A. and CDP Industria S.p.A. and voted by the majority of the shareholders.

Mr. Ragni does not own any share of the Company. Saipem thanks a lot Mr. Ragni for his work as board's member. As a result of Mr. Ragni's resignation the Board of Directors enclosed the valuations from the Compensation and Nomination Committee, with the approval of the Statutory Board according to article 2386 first comma of the Civil Code, has appointed as director replacing Mr. Ragni, Alessandro Puliti who is actually General Manager of the Company.

During meeting Francesco Caio resigned, with immediate effect, from his role as board member and General Manager of the company. Mr. Caio resigned all his powers as he considered completed, with the first half year results, his role to reposition and relaunch the company.