annual report 2017 - saipem.com

4-04-2018 13:48 Pagina I. annual report 2017. 4-04-2018 13:48 Pagina II. Mission Our mission is to implement challenging, safe and innovative projects, leveraging on the competence of our people and on the solidity, multiculturalism and integrity of our organisational model. With the ability to face and overcome the challenges posed by the evolution of the global scenarios, we must seize the opportunities to create economic and social value for all our stakeholders. Our values Innovation; health, safety and environment; multiculturalism; passion; integrity. Disclaimer The annual report contains forward-looking statements, in particular in the section Outlook'. By their nature, forward-looking statements are subject to risk and uncertainty since they are dependent upon circumstances which should or are considered likely to occur in the future and are outside of the Company's control. These include, but are not limited to: monetary exchange and interest rate fluctuations, commodity price volatility, credit and liquidity risks, HSE risks, the levels of capital expenditure in the oil and gas industry and other sectors, political instability in areas where the Group operates, actions by competitors, success of commercial transactions, risks associated with the execution of projects (including ongoing investment projects), in addition to changes in stakeholders' expectations and other changes affecting business conditions.

SAIPEM Annual Report 2017/ Letter to the Shareholders 3 March 5, 2018 On behalf of the Board of Directors The Chairman The Chief Executive Officer (CEO)

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