No capital increase deal currently being evaluated, restructuring plan timing confirmed

Siena, 22 March 2018 – Following certain rumors reported in the press, Banca Monte dei Paschi specifies that no capital increase deals are being evaluated and that the implementation of the restructuring plan proceeds according to the scheduled timing, as already communicated to the market. In particular, the reduction of impaired loans, the cost containment initiatives and the securitisation of bad loans set out in the plan are confirmed. Regarding the latter, the Bank does not envision any circumstance that could affect the expected timing for conclusion already communicated to the market.