BPS -1x Bp

    BANCA MONTE DEI PASCHI DI SIENA S P A

RE: BANCA MONTE DEI PASCHI 
    USD 250,000,000.00
    MATURING: 12-Aug-2004
    ISSUE DATE: 12-Aug-1999
    ISIN:XS0100331528

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
12-May-2004 TO 12-Aug-2004 HAS BEEN FIXED AT 1.365000 PCT.

DAY BASIS 92/360

INTEREST PAYABLE VALUE 12-Aug-2004 WILL AMOUNT TO 
USD 34.88 PER USD 10,000.00 DENOMINATION.
USD 348.83 PER USD 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL:
44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

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