SNAM 2015 Annual Report - Group structure at 31 December 2015

Group structure at 31 December 2015

The structure of the Snam Group at 31 December 2015 is shown below:

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Group structure at 31 December 2015 (Graphic)

CONSOLIDATING COMPANY

SHAREHOLDERS

% OWNERSHIP

(a)	CDP S.p.A. owns 59.10% of CDP Reti S.p.A.
(b)	Company wholly owned by CDP S.p.A.
(c)	As at 18 January 2016, the date on which the Eni bond convertible into Snam shares (which was issued in December 2013) matured, Eni S.p.A. held 792,619 ordinary Snam shares, equal to 0.02% of the share capital, while the share held by minority interests at that date increased to 69.85%.

Snam S.p.A.

CDP Reti S.p.A. (a)

28.98

CDP GAS S.r.l. (b)

1.12

Eni S.p.A. (c)

2.22

Snam S.p.A.

0.03

Other shareholders

67.65

The main changes in the structure of the Snam Group in 2015 were:

in relation to the consolidation scope:
- the addition of Acam Gas S.p.A. following the acquisition by Italgas S.p.A. of the remaining 51% of the company. Following that acquisition, effective as of 1 April 2015, Italgas S.p.A. now holds the entire share capital of Acam Gas S.p.A.;
- the respective mergers by incorporation, effective as of 1 January 2015, of Metano Arcore S.p.A. (100% owned by Italgas) and Seteap S.p.A. (100% owned by Napoletanagas) into Italgas S.p.A. and Napoletanagas S.p.A.;
in relation to international equity investments:
- the acquisition of a 20% stake in Trans Adriatic Pipeline AG (TAP).

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