BPS -1x Bp

    BANCA MONTE DEI PASCHI DI SIENA S P A

Please be advised that the following issue has been redeemed early:

ISIN:              XS0101928462
Issuer:            Monte Del Paschi di Siena
Value Date:        07/10/04
Repurchase Amount: ITL 1,579,999,998.91
New Amount O/S:    ITL 175,440,000,008.30

Please amend your records accordingly.

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