Purchase of Own Securities

Banca Monte Dei Paschi Di Siena Spa
19 February 2002

Letter to Company Announcement Office

Reference Index Linked EDRs issued by Banca Monte Dei Paschi di Siena Spa:

•  Lit 250,000,000,000 due 2005, Isin code XS0082121129
•  Lit 150,000,000,000 due 2007, Isin code XS0082967315
•  Lit 150,000,000,000 due 2006, Isin code XS0085237203
•  Lit 150,000,000,000 due 2005, Isin code XS0088009799

We hereby give you notice that with effect 20/2/2002 we will have repurchased
EDR's totalling more than 10%, 15%, 10% and 10% respectively of the original
amounts of the issues.  All EDR's repurchased have been cancelled and following
this last repurchase the remaining amounts of the issues will be Lit
222,315,000,000, Lit 120,435,000,000, Lit 132,770,000,000 and Lit
128,070,000,000 respectively.

From Banca Monte Dei Paschi di Siena, London Branch 



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