Update of the shareholders' agreement with Spoleto Credito e Servizi Società Cooperativa

With reference to Banca Monte dei Paschi di Siena S.p.A.’s ("BMPS") termination of the shareholders’ agreement with Spoleto Credito e Servizi Società Cooperativa (“SCS”) concerning Banca Popolare di Spoleto S.p.A. ("BPS"), communicated in the earlier press release of 27 July 2012 pursuant to art. 131, paragraph 3 of the Issuers’ Regulations, BMPS, also by request of Consob, specifies that:

• on 27 July 2012 BMPS gave notice of termination of the shareholders’ agreement, providing SCS with:
  • the definitive proposal for the disposal of BMPS’ shareholding in BPS; and
  • the definitive proposal for the disposal of BMPS’ shareholding in SCS,

under the conditions and terms provided for by the shareholders’ agreement and subject to obtaining all necessary authorizations, where applicable;

and

• as a result of the termination, SCS has the obligation to purchase, or identify a purchaser for (in the case of the investment in SCS), the above-mentioned shareholdings within six months from the date of termination.

These details will be contained in the updated extract of the shareholders’ agreement.