Invitation by Mediobanca – Banca di Credito Finanziario S.p.A. (the “Offeror”) to tender Fresh 2003 Preferred Securities (ISIN: XS0180906439) issued by MPS Capital Trust II and guaranteed by Banca Monte dei Paschi di Siena

Milan, 12 July 2011 – Further to the press release issued yesterday, 11 July 2011, in relation to the satisfaction of the BMPS Repurchase Condition, the Offeror hereby announces that, as of today, no adverse events have occurred, in the national and/or international context, which could constitute a “material adverse change”, as described in the Tender Offer Memorandum under the No Material Adverse Change Condition. Accordingly, the Tender Offer launched by the Offeror on the Preferred Securities shall take effect.

Payment of the Total Purchase Price and Accrued Interest shall take place tomorrow, 13 July 2011.

Capitalised terms used herein shall have the same meanings given to them in the Tender Offer Memorandum.

It may be unlawful to distribute these materials in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan.
These materials do not constitute or form part of an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities in the United States.
This document may not be published, distributed or released directly or indirectly in the United States of America, Canada, Australia or Japan.