The board assesses the requirements of officers appointed by the shareholders' meeting of 11 April 2019

Following the appointments made by the Shareholders' Meeting of 11 April 2019, the Board of Directors of Banca Monte dei Paschi di Siena today assessed the requirements of professional experience, integrity and independence of the Director Roberta Casali and the Alternate Auditor Claudia Mezzabotta.

The Board verified that the Director Roberta Casali meets the independence requirements, as provided for by the Bank's By-Laws, pursuant to Italian Legislative Decree no. 58/1998 (CFA) and the criteria set out in the Corporate Governance Code for Listed Companies, taking also into account of Bank of Italy Circular no. 285 and the relevant Guidelines issued by the EBA/ESMA and the ECB. The Board of Directors, therefore, continues to consist mainly of independent directors.

Finally, the Board of Directors confirmed that for the Director Roberta Casali there are no material situations pursuant to the regulations on interlocking directorates under Article 36 of Italian Legislative Decree 201/2011, converted into Law 214/2011.