Stabilisation Notice

RNS Number:2987D
JPMorgan Securities Ltd
19 May 2006


19 May 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 SpA
                              Stabilisation Notice

JPMorgan Securities Limited, (contact: Richard Howard telephone: [phone])
hereby gives notice that no stabilisation (within the meaning of the rules of
the Financial Services Authority) was undertaken by the Stabilising Manager(s)
named below in relation to the offer of the following securities.

The securities:
Issuer:                   Banca Monte dei Paschi di Siena SpA
Guarantor (if any):       n/a
Aggregate nominal amount: 2 Tranches:

                          EUR 750mm
                          GBP 200mm
Description:              2 Tranches:
                          EUR 750mm 10 year 4.875% Fixed notes due 31 May 2016
                          GBP 200mm 10 year 5.75% Fixed notes due 30 September
                          2016
Offer price:              EUR 750mm 10 year Fixed notes due 2016 (99.219)
                          GBP 200mm 10 year Fixed notes due 2016 (99.922)
Other offer terms:        Luxembourg regulated market, Tefra D Reg S 2
Stabilising Manager(s):   JPMorgan Securities Limited (both Euro and GBP
                          tranches)
                          125 London Wall,
                          London EC2Y 5AJ
                          Royal Bank of Scotland (GBP tranche only)
                          135 Bishopsgate
                          London EC2M 3UR
                          MPS Finance BM/Siena (Euro tranche only)
                          Viale Mazzini 23
                          53100 Siena
                          Italy
                          UBS Limited (Euro tranche only)
                          100 Liverpool Street
                          London EC2M 2RH

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of the Issuer in any jurisdiction.
This announcement is not an offer of securities for sale into the United States.
The securities referred to above have not been, and will not be, registered
under the United States Securities Act of 1933 and may not be offered or sold in
the United States absent registration or an exemption from registration. There
has not been and will not be a public offer of the securities in the United
States.



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            The company news service from the London Stock Exchange

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