Other information

Incentive plans for managers with Snam Rete Gas shares

Information on share-based incentive plans for managers can be found in the directors' report of the separate financial statements of Snam Rete Gas S.p.A.

Related-party transactions

Transactions undertaken by Snam Rete Gas with related parties mainly involve the exchange of goods, provision of services and provision and utilisation of financial resources with ultimate parent Eni S.p.A. and other subsidiaries/associates of Eni S.p.A, as well as with Enel S.p.A, a state-controlled company, and its subsidiaries/associates.

All the transactions are part of the company’s ordinary business activities, generally settled at market conditions, i.e. the conditions which would be applied by two independent parties, and performed in the interests of the Snam Rete Gas group companies.

The amounts involved in commercial, financial and other transactions with related parties and a description of the nature of the key transactions, as well as their impact on the company’s capital situation, financial results and cash flows, are disclosed in note 31 to the consolidated financial statements.

Research and development

Snam Rete Gas’s research and development activities, focusing mainly on new technologies for the safety and efficiency of the natural gas transportation and distribution network, are described in the “Commitment to sustainable development” section.

Subsequent events

Electricity and Gas Authority

The Electricity and Gas Authority’s resolution ARG/gas 21/10, published on 24 February 2010, extended for the period 1 April 2010– 31 December 2010 the validity of natural gas storage tariffs approved for the thermal year 1 April 2009 – 31 March 2010 with resolution ARG/gas 38/09.