RNS Number:2232T
Banca Monte Dei Paschi Di Siena Spa
19 March 2002



LETTER TO COMPANY ANNOUNCEMENTS OFFICE

Reference Lit 150,000,000,000 Index Linked EDR's due 2007 issued by Banca Monte 
dei Paschi di Siena Spa. ISIN code XS0082967315

We hereby give you notice that with effect 20/3/2002 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 61,941,258.19.

We trust that this information is satisfactory for your purposes and remain at 
your disposal for any further information that you may require.
 
FROM BANCA MONTE DEI PASCHI DI SIENA SPA, LONDON BRANCH

                      This information is provided by RNS
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