Six-monthly Report

SIX-MONTHLY REPORT 2004 DIRECTORS’ REPORT 6 During the first half 2004, the value of Saipem S.p.A. ordinary shares, quoted on the Milan Stock Exchange, increased by 16.3%, from 6.459 euros at the end of 2003 to 7.514 euros at 30th June 2004. Moreover, on 24th May 2004, a dividend of 0.148 euros per share ................
................

In order to avoid copyright disputes, this page is only a partial summary.