PRESS RELEASE

REVISION OF THE COMMITMENTS BETWEEN THE EUROPEAN COMMISSION

AND THE ITALIAN REPUBLIC PUBLISHED

OBJECTIVES CONSISTENT WITH THE STRATEGIES AND OBJECTIVES OF THE

2022-2026 BUSINESS PLAN "A CLEAR AND SIMPLE COMMERCIAL BANK"

Siena, 3 October 2022 - Banca Monte dei Paschi di Siena announces that today the European Commission has published the decision regarding the revision of the "Commitments" - available on the Authority's website - which had been undertaken by the Italian Republic in order to allow, pursuant to European Union and Italian legislations, the precautionary recapitalization of the Bank in 2017.

The revised Commitments are consistent with the objectives of the 2022-2026 Business Plan "A Clear and Simple Commercial Bank" approved on 23 June 2022.

The objectives presented in the decision of the European Commission, therefore, endorse the guidelines of the Industrial Plan 2022-2026, the implementation of which is underway and in line with the schedule.

This press release is available at www.gruppomps.it

For further information:

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

Media Relations

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 03 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 October 2022 15:25:19 UTC.