BANCA MONTE DEI PASCHI DI SIENA S P A
Please be advised that the following repurchase has taken place:

ISIN:              XS0097523319
Issuer:            Monte Dei Paschi di Siena
Value Date:        19.11.2004
Repurchase Amount: EUR 1,200,000.00
New Amount O/S:    EUR 88,753,870.89

Please amend your records accordingly.

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