Early Redemption

BANCA MONTE DEI PASCHI DI SIENA S P A
                  

Monte Dei Paschi - ISIN: XS0088009799

Please be advised that the following issue has been redeemed early: 

ISIN:               XS0088009799

Issuer:             Monte Dei Paschi Di Siena

Value Date:         07/10/04

Repurchase Amount:  EUR 1,273,066.00

New Amount O/S:     EUR 57,442,972.32

Please amend your records accordingly.