Stabilisation Notice

RNS Number:9454W
Citigroup Global Markets Limited
13 January 2006

January 13th 2006

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

                        BANCA MONTE dei PASCHI di SIENA

                           Post-Stabilisation Notice

Citigroup Global Markets Limited (contact: Ronan Murphy; telephone: [phone]
9000) hereby gives notice that no stabilisation (within the meaning of the rules
of the Financial Services Authority) (See Note 1) was undertaken by the
Stabilising Manager(s) (See Note 2) named below in relation to the offer of the
following securities.

Issuer:                BANCA MONTE dei PASCHI di SIENA

Aggregate nominal      EUREuro500,000,000
amount:

Description:           Subordinated Floating Rate Notes due November
                       30th 2017. Initial Coupon          3m Euro +40bp.

Stabilising Manager(s) Citigroup Global Markets Limited
                       ABN AMRO Bank N.V., MPS Finance Banca Mobiliare
                       SpA.

Stabilisation started:  November 18th 2005

Stabilisation last      November 18th 2005
occurred:


  Notes

    1     The notice refers to FSA rules rather than the Regulation as some
          stabilisation may occur before application is made for admission to
          the regulated market.

    2     The Co-ordinating Stabilising Manager is likely to prefer to restrict
          the information on stabilisation to that given to it by the
          Stabilising Managers.



  (See Note 3)




Date                                Lowest price            Highest price
Nov 18th 2005                             99.679                   99.679




  Notes

    3     The definition of stabilisation includes both purchases and offers to
          purchase. Therefore, it is possible that stabilisation occurs but no
          stabilisation transactions are carried out.

    4     The prices stated should be absolute prices e.g. expressed as a
          percentage of nominal value.

    5     The references in article 9(3)(d) to stabilisation transactions
          suggests that the announcement need only include information with
          respect to transactions actually carried out. Additional information
          may be necessary if the stabilising managers undertook stabilisation
          transactions in any associated instruments.



END


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