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Statements from management

Certification of the consolidated financial statements of the semester pursuant to Article 154-bis, paragraph 5 of Legislative Decree 58/1998 (Consolidated Finance Act)

1. The undersigned, Marco Alverà and Antonio Paccioretti, as Chief Executive Officer and Executive Responsible for preparing corporate accounting documents of Snam S.p.A. respectively, hereby certify, under Article 154-bis, paragraphs 3 and 4 of Legislative Decree No. 58 of 24 February1998:

  • the adequacy, considering the Company’s characteristics, and
  • the effective implementation

of the administrative and accounting procedures for the preparation of the condensed interim financial statements at 30 June 2016, during the first half of 2016.

2. The administrative and accounting procedures for the preparation of the consolidated financial statements at 30 June 2016 were defined and their adequacy was assessed using the rules and methods in line with the Internal Control – Integrated Framework model issued by the Committee of Sponsoring Organisations of the Treadway Commission, which represents a benchmark framework for the internal control system generally accepted at international level.

3. It is also certified that:

3.1 The condensed interim financial statements at 30 June 2016:

a) were prepared according to the applicable international accounting standards recognised in the European Community pursuant to Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19 July 2002;

b) match the books and accounting records;

c) are able to provide a true and fair view of the financial position, results of operations and cash flows of the issuer and of the companies included in the scope of consolidation.

3.2 The Interim Directors’ Report includes a fair review of the references to important events which occurred during the first six months of the year, and their impact on the condensed interim financial statements, along with a description of the main risks and uncertainties for the remaining six months of the year. The Interim Directors’ Report also includes a fair review of the information on significant transactions with related parties.

26 July 2016

Signature/Marco Alverà
Marco Alverà
Chief Executive Officer

Signature/Antonio Paccioretti
Antonio Paccioretti
Chief Financial Officer

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