Eni launches a Tender Offer for its €1,028,100,000 0.25 per cent. Exchangeable Bonds in Galp Energia Shares due November 2015

Eni launches a Tender Offer for its €1,028,100,000 0.25 per cent. Exchangeable Bonds in Galp Energia Shares due November 2015

Eni S.p.A. (“Eni” or the “Issuer”) hereby announces an invitation to the holders (“Noteholders”) of its outstanding €1,028,100,000 0.25 per cent annual coupon Exchangeable Bonds due 2015 exchangeable into fully paid ordinary shares with a nominal value of €1 each of Galp Energia SGPS, S.A. (the “Notes”) to tender their Notes for purchase by Eni for cash at a purchase price to be determined pursuant to a tender offer procedure by means of a competitive bid (so called Modified Dutch Auction) (the “Invitation”).

The Invitation was approved on 27 May 2015 by Eni’s Board of Directors.

The Invitation is being made as part of the active management of the €1,028,100,000 0.25 per cent. Exchangeable Bonds in Galp Energia SGPS, S.A. shares due November 2015.

Deutsche Bank AG, London Branch, Mediobanca – Banca di Credito Finanziario S.p.A., Morgan Stanley & Co. International plc and UBS Limited will act as Joint Dealer Managers in connection with the Invitation (the “Joint Dealer Managers”). Morgan Stanley & Co. International plc will also act as Settlement Agent with respect to the Invitation.

Source: Eni

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