PRESS RELEASE

BANCA MONTE DEI PASCHI DI SIENA:

THE BOARD OF DIRECTORS

APPROVES THE MERGER BY INCORPORATION OF CONSORZIO OPERATIVO

GRUPPO MONTEPASCHI S.C.p.A. INTO BMPS

Siena, 11 November 2022 - The Board of Directors of Banca Monte dei Paschi di Siena S.p.A. ("BMPS"), held today under the chairmanship of Patrizia Grieco, resolved to approve the merger by incorporation of Consorzio Operativo Gruppo Montepaschi S.c.p.A. into BMPS upon the effectiveness of its transformation into a joint stock company ("società per azioni") (hereinafter the "COG" and the "COG Merger").

The COG Extraordinary Shareholders' Meeting held yesterday also approved the COG Merger.

The COG Merger will be effective as of the date that will be set forth in the deed of merger.

The execution of the deed of merger and the date on which the COG Merger becomes legally effective will be announced to the market by a subsequent press release.

*****

This press release will be available at www.gruppomps.it

For further information:

Banca Monte dei Paschi di Siena S.p.A.

Relazioni Media

Investor Relations

Tel. +39 0577 296634

Tel: +39 0577 299350

ufficio.stampa@mps.it

investor.relations@mps.it

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Banca Monte dei Paschi di Siena S.p.A. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 11:11:06 UTC.