FRN Variable Rate Fix

FRN Variable Rate Fix 

    LONDON--(BUSINESS WIRE)--May 9, 2003--

RE: BANCA MONTE DEI PASCHI
    USD 250,000,000.00
    MATURING: 12-Aug-2004
    ISSUE DATE: 12-Aug-1999
    ISIN: XS0100331528

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12-May-2003 TO 12-Aug-2003 HAS BEEN FIXED AT 1.406250 PCT.

INTEREST PAYABLE VALUE 12-Aug-2003 WILL AMOUNT TO:
USD 35.94 PER USD 10,000.00 DENOMINATION.
USD 359.38 PER USD 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL: [phone]/3855 OR FAX: [phone].

RATEFIX DESK
CITIBANK N.A., LONDON

   Short Name: Banca Monte Dei
   Category Code: RC
   Sequence Number: 00004672
   Time of Receipt (offset from UTC): 20030508T213404+0100