Snam S.p.A. commences share repurchases on January 12, 2018, under the program mandated by the shareholders in the Annual General Meeting held on April 11, 2017. As per the mandate, the company is authorized to repurchase up to 3.5% of its share capital. The program will be valid up to a period of 18 months from the date of Annual General Meeting held in 2017. On January 12, 2018, the company announced that it has signed an enhanced buyback agreement with a primary intermediary agent for a period of maximum 6 months. The appointed intermediary will be able to independently purchase the company's shares, in accordance with the contractually defined parameters and criteria, and within the constraints of the applicable legislation and resolution. On February 23, 2018, the company has renewed the appointment to the same intermediary through an enhanced buyback agreement for a period of maximum 2 months from February 20, 2018.