Repurchase - Debt Securities

Banca Monte Dei Paschi Di Siena Spa
05 March 2003

Our ref: EDR 97/002; EDR 97/003; EDR 98/002

                                                                  5 Mar, 2003


Company Announcements Office
The London Stock Exchange
London
EC2N 1HP


Dear Sirs

Reference Index Linked EDR  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 100,000,000,000 due 2006, ISIN Code XS0086996237

We hereby give you notice that with effect from 06/03/2003 we will have
repurchased EDR's totalling more than 15%, 25%,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 Eur
108,911,070.14, Eur 57,747,054.60, Eur 43,685,834.67 respectively.

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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