Guarantees

Other personal guarantees given on own behalf of €73 million (€62 million at 31 December 2010) essentially relate to: (i) hold-harmless letters issued to Eni S.p.A. (€41 million) and third parties (€7 million) for sureties issued in favour of Snam, mainly performance bonds and to participate in tenders; (ii) hold-harmless letters issued to Eni S.p.A. (€19 million) for guarantees issued in favour of Snam for equity investments and concessions relating to the natural gas distribution service; (iii) guarantees issued to the Municipality of San Donato Milanese (€4 million) to cover the commitments deriving from a project to construct a property complex in San Donato Milanese for office use.