In reference to the press information regarding an offer submitted by NIT Holding Limited

In reference to the press information regarding an offer submitted by NIT Holding Limited – a company incorporated under Honk Kong law – Banca Monte dei Paschi di Siena ("BMPS or the "Bank") states the following.

The correspondence submitted on behalf of NIT Holding Limited was received by the Bank late in the evening on 3 November 2014 and, in the Bank’s opinion, is lacking in sufficiently clear information to consent any evaluation to be made by the Board of Directors.

Indeed, without prejudice for a financial means availability of up to EUR 10bn to be allocated to the acquisition of a controlling stake in the Bank’s share capital, the offer does not include any other basic or indispensable information typically provided in transactions of this kind, which would allow for a proper assessment to be made.

Furthermore, the document contains information of an extremely general nature and, though it is addressed to the Bank, its contents seem to address the shareholders since the offer sets forth the acquisition of a controlling stake in MPS by NIT Holding Limited; such a circumstance, as far as it is understood and should it actually occur, may in fact require the launch of a public tender offer on the shares of the Bank itself.