Saipem Fully Acquitted in GK3 Case in Algeria

With reference to the press release of July 27, 2023, Saipem informs that today the Court of Appeal of Algiers, following referral by the Supreme Court of July 27, 2023, has fully acquitted Saipem Contracting Algerie S.p.A. in the Sonatrach 1 criminal proceedings ongoing since 2010 in Algeria, in relation to the award of the GK3 contract in 2009.

The text and reasons of today’s decision will be made available in the manner and timeframe provided under local regulations. Further information on this proceeding is provided in detail, in addition to the aforementioned press release, under the section “Legal Proceedings” in the Interim Report as of June 30th, 2023 of Saipem S.p.A.