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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_ifrs-full_ProfitLoss_1bd229e1-0de2-43bd-9861-2dbf2244dbae_negatedNetLabel_it" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Utile (perdita)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_7254e327-d585-49b4-bcbe-6f557eb7a639_totalLabel_it" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Quota delle altre componenti di conto economico complessivo di società collegate e joint venture contabilizzate con il metodo del patrimonio netto che non sarà riclassificata nell'utile (perdita) d'esercizio, al netto delle tasse</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_AltreVariazioniNeiCreditiFinanziari_label_it" xlink:label="lab_fnm_AltreVariazioniNeiCreditiFinanziari" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Altre Variazioni Nei Crediti Finanziari</link:label>
    <link:label id="lab_fnm_AltreVariazioniNeiCreditiFinanziari_documentation_it" xlink:label="lab_fnm_AltreVariazioniNeiCreditiFinanziari" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Altre Variazioni Nei Crediti Finanziari</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_AltreVariazioniNeiCreditiFinanziari" xlink:href="fnm-2021-12-31.xsd#fnm_AltreVariazioniNeiCreditiFinanziari"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_AltreVariazioniNeiCreditiFinanziari" xlink:to="lab_fnm_AltreVariazioniNeiCreditiFinanziari" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_EntitysTotalForRelatedPartyMember_label_it" xlink:label="lab_fnm_EntitysTotalForRelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Entitys Total For Related Party [Member]</link:label>
    <link:label id="lab_fnm_EntitysTotalForRelatedPartyMember_documentation_it" xlink:label="lab_fnm_EntitysTotalForRelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Entitys Total For Related Party</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_EntitysTotalForRelatedPartyMember" xlink:href="fnm-2021-12-31.xsd#fnm_EntitysTotalForRelatedPartyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_EntitysTotalForRelatedPartyMember" xlink:to="lab_fnm_EntitysTotalForRelatedPartyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_03c40442-eb3e-40f4-af5b-4684c45d4f67_negatedLabel_it" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Pagamenti delle passività dei leasing, classificati come attività di finanziamento</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_d8800bfa-b17e-4d4f-8250-a5c2fd61ec32_negatedLabel_it" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rettifiche per utili non distribuiti delle partecipazioni contabilizzate con il metodo del patrimonio netto</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures_a0497037-7e3e-46e1-9871-e8ec103a38c6_netLabel_it" xlink:label="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rimborsi di finanziamenti correnti</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:to="lab_ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_AmortizationRightOfUse_label_it" xlink:label="lab_fnm_AmortizationRightOfUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Amortization Right of Use</link:label>
    <link:label id="lab_fnm_AmortizationRightOfUse_documentation_it" xlink:label="lab_fnm_AmortizationRightOfUse" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Amortization Right of Use</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_AmortizationRightOfUse" xlink:href="fnm-2021-12-31.xsd#fnm_AmortizationRightOfUse"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_AmortizationRightOfUse" xlink:to="lab_fnm_AmortizationRightOfUse" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari_8b5d11b1-7636-4070-ba50-6afc30e0dd50_negatedTerseLabel_it" xlink:label="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rimborso dei crediti per leasing finanziari</link:label>
    <link:label id="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari_label_it" xlink:label="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rimborso Dei Crediti Per Leasing Finanziari</link:label>
    <link:label id="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari_documentation_it" xlink:label="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rimborso Dei Crediti Per Leasing Finanziari</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_RimborsoDeiCreditiPerLeasingFinanziari" xlink:href="fnm-2021-12-31.xsd#fnm_RimborsoDeiCreditiPerLeasingFinanziari"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_RimborsoDeiCreditiPerLeasingFinanziari" xlink:to="lab_fnm_RimborsoDeiCreditiPerLeasingFinanziari" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_ToRelatedPartiesMember_label_it" xlink:label="lab_fnm_ToRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">To Related Parties [Member]</link:label>
    <link:label id="lab_fnm_ToRelatedPartiesMember_documentation_it" xlink:label="lab_fnm_ToRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">To Related Parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_ToRelatedPartiesMember" xlink:href="fnm-2021-12-31.xsd#fnm_ToRelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_ToRelatedPartiesMember" xlink:to="lab_fnm_ToRelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_23fc9a85-ea72-4ae5-8d40-808ad7788147_totalLabel_it" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Totale flusso di cassa da attività operative</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale_f6bb890b-afe4-48a3-9e75-1e820965da08_negatedLabel_it" xlink:label="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimenti in beni devolvibili per infrastruttura autostradale</link:label>
    <link:label id="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale_label_it" xlink:label="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimenti in beni devolvibili per infrastruttura autostradale</link:label>
    <link:label id="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale_documentation_it" xlink:label="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimenti in beni devolvibili per infrastruttura autostradale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:href="fnm-2021-12-31.xsd#fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:to="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_e9edf349-26f4-4785-9021-45b032ed62b7_totalLabel_it" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Liquidità generata (+) / assorbita (-)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_a79f15ca-d98d-4f3f-a3b0-f930ac797842_totalLabel_it" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Totale flusso di cassa da attività di investimento</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_CategoriesOfRelatedPartyAxis_label_it" xlink:label="lab_fnm_CategoriesOfRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Categories Of Related Party [Axis]</link:label>
    <link:label id="lab_fnm_CategoriesOfRelatedPartyAxis_documentation_it" xlink:label="lab_fnm_CategoriesOfRelatedPartyAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Categories Of Related Party</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_CategoriesOfRelatedPartyAxis" xlink:href="fnm-2021-12-31.xsd#fnm_CategoriesOfRelatedPartyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_CategoriesOfRelatedPartyAxis" xlink:to="lab_fnm_CategoriesOfRelatedPartyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_bc791273-cbfa-4c27-a417-810a856d0227_negatedLabel_it" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Altri costi operativi di molteplice tipo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_ce18a69a-9a4e-411a-80cb-16c9b9a083dd_negatedLabel_it" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rettifiche per utili (perdite) derivanti dalla dismissione di immobili, impianti e macchinari</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_InteressiSuPrestitoObbligazionarioPagati_e1f9bc53-c533-4972-be30-9a107737e3b3_terseLabel_it" xlink:label="lab_fnm_InteressiSuPrestitoObbligazionarioPagati" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Pagamenti di altri strumenti rappresentativi di capitale</link:label>
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