Purchase of EDR's

Banca Monte Dei Paschi Di Siena Spa
07 August 2003


Our ref: EDR/98/003




                        7th Aug, 2003






Company Announcements Office

The London Stock Exchange

London

EC2N 1HP






Dear Sirs


Reference Lit 150 billion Index Linked EDR's due 2005 issued by Banca Monte dei
Paschi di Siena Spa. Isin code XS0088009799


We hereby give you notice that with effect 08/08/2003 we will have repurchased
EDR's totalling more than 20% 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 61,693,412.30.


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





Filippo Piemontese

Assistant to Financial Controller







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