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Banca Monte Dei (0H6A)

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Tuesday 11 February, 2003

Banca Monte Dei

Repurchase- Debt Securities

Banca Monte Dei Paschi Di Siena Spa
11 February 2003

Our ref: EDR/98/001

                                         11 Feb, 2003


Company Announcements Office
The London Stock Exchange
London
EC2N 1HP


Dear Sirs

Reference Lit 150 billion EDR's due 2006  issued by Banca Monte dei Paschi di
Siena Spa. Isin code  XS0085237203

We hereby give you notice that with effect 12/2/2003 we will have repurchased
EDR's totalling more than 15% of the original amount of the issue. All EDR's
repurchased have been cancelled and following this last repurchase the remaining
amount of the issue will be Euro 65,827,588.73.

We trust that this information is satisfactory for your purposes and remain at
your disposal for any further information that you may require.

Yours sincerely,
For and on behalf of Banca Monte dei Paschi di Siena, London Branch

Meb Khatri
Financial Controller




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