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ENAV Group Consolidated Financial Statements

STATEMENT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ENAV GROUP
AT 31 DECEMBER 2015, PURSUANT TO ART. 154-BIS, PARAGRAPH 5 OF LEGISLATIVE
DECREE 58/98

1. The undersigned Roberta Neri, as Chief Executive Officer, and Loredana Bottiglieri as
Manager Responsible for ENAV’s Financial Reporting, having taken account of the
provisions of art. 154-bis, paragraphs 3 and 4 of Legislative Decree 58 of 24 February
1998, hereby certify:
 the adequacy with regard to the nature of the ENAV Group and,
 the effective application of the administrative and accounting procedures adopted in
preparation of the Consolidated Financial Statements during financial year 2015.

2. In this regard, we report that:
a. the adequacy and effective application of the administrative and accounting
procedures used for preparing of the 2015 Consolidated Financial Statements of
ENAV Group has been assessed based on the Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission which represents an internationally-accepted framework for the internal
control system;
b. this assessment did not identify any significant issues.

3. In addition, we certify that:
3.1 The consolidated financial statements:
a. have been prepared in compliance with the International Financial Reporting
Standards endorsed by the European Union under Regulation (CE) 1606/2002
of the European Parliament and Council dated 19 July 2002;
b. are consistent with the underlying accounting books and records;
c. give a true and fair representation of financial position and results of
operations of the issuer and the companies included in the scope of
consolidation.
3.2 The Report on Operations includes a reliable analysis of the operating and
financial performance and situation of the issuer and the companies included in
the scope of consolidation, as well as a description of the main risks and
uncertainties to which they are exposed.

29 March 2016

Chief Executive Officer Manager responsible for financial reporting
Roberta Neri Loredana Bottiglieri

(This certification has been translated from the original which was issued in accordance with Italian
legislation)

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