RNS Number:3189S
Banca Monte Dei Paschi Di Siena Spa
20 November 2003


Our ref: EDR 99/011

                                                                20 Nov, 2003

Company Announcements Office
The London Stock Exchange
London
EC2N 1HP


Dear Sirs

Reference Lit 200 billion EDR's due 2005 issued by Banca Monte dei Paschi di
Siena Spa. Isin code XS0105851710

We hereby give you notice that with effect 20/11/2003 we will have repurchased
EDR's totalling more than 10% 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 92,347,658.13.

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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