Ann: MEO Directors respond to Mosman Proposal, page-19

ENI poised to grow in Australia and to detect the 32 percent in Evans Shoal of RoyalDutch Shell
ENI would be poised to grow in Australia. Despite the turbulence of the oil market,according to what has been learnt from this section from financial sources close to thedeal, Eni would be interested in growing in the shareholder of the company that controls the gas fields of Evans Shoal. For sale is in fact the 32 per cent in the hands ofRoyal Dutch Shell, which has instructed Credit Suisse to find a buyer. The fee would beabout $ 170 million. ENI inter alia is already a shareholder of Evans Shoal, after buyingthe 40 percent by Santos.