Press Release

Siena, 9 March 2023 – The Board of Directors of Banca Monte dei Paschi di Siena S.p.A. (“BMPS” or the “Bank”), held yesterday under the chairmanship of Patrizia Grieco, approved the Bank’s draft financial statements and the Montepaschi Group’s draft consolidated financial statements for the year ending 31 December 2022, confirming the preliminary results already approved by the Board and disclosed to the market on 8 February 2023, to which reference should be made.

The documentation relating to the approval of the Financial Statements for the year ending 31 December 2022, including the Report on Corporate Governance and the Shareholding Structure and the Non-Financial Statement approved today by the Board of Directors, will be published and made available to the public in the manner and within the terms established by the applicable laws and regulations.

The Bank also announces that it has obtained authorisation from the European Central Bank for the merger by absorption of MPS Capital Services Banca per le Imprese S.p.A. and MPS Leasing & Factoring S.p.A. into BMPS. The conclusion of the transactions is expected within the first half of the year, in line with the 2022-2026 Business Plan.

Following the merger of the Consorzio Operativo Gruppo Montepaschi (IT unit) into BMPS last December, the Bank is thus set to complete the simplification of its organisational structure, which aims to make the Group's operations more agile and efficient, while also achieving important benefits in terms of costs, in full compliance with regulatory standards
and external requirements.