Overview of the Structure of the Board of Statutory Auditors

Post held Member Elected from a slate
Independent as per Code % of attendance at meetings of the Board of Statutory Auditors % of attendance at meetings of the Board of Directors % attendance at Shareholders’ Meet. No. of other posts held (*)
Statutory Auditors in Office at December 31, 2010 (a)
Chairman Alfredo Fossati (b) X 100 100 100 27
Statutory Auditor Angelomaria Palma (c) X 78.57 100 100 10
Statutory Auditor Leonello Schinasi (c) X 92.86 71.43 100 10
Number of meetings held in 2010: 14

(*) This column shows the number of other companies of which the party in question is a Director or Statutory Auditor. In the table that follows, these positions are listed in detail.

(a) Elected by the Shareholders’ Meeting of April 2, 2008 for a three year period ending with the Shareholders’ Meeting convened to approve the 2010 annual financial statements.
(b) Elected from a minority slate filed by Fincamuna Spa.
(c) Elected from a slate filed by Transalpina di Energia Srl, the majority shareholder.

Quorum required to file minority slates for the election of one Statutory Auditor:
1% of the shares conveying the right to vote at the Ordinary Shareholders’ Meeting.

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