BANCA MPS AND INDIVIDUAL SHAREHOLDERS: DAMAGE, MOCK AND GUILTY CONSCIENCE

3 August 2017, Roma - The procedure whereby the Italian State has expropriated 150,000 small shareholders of their property rights on the Monte dei Paschi di Siena is now completed. We remind that the Bank has always been complying with supervision duties and solvency standards.

There is no relief mechanism for individual shareholders who are unjustifiably penalized by the conversion price guaranteed to subordinated bondholders and the State. This is all reminiscent of the Middle Ages, when lords seized the properties without compensation.

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