Approved the action for liability on Antonveneta vicissitude

The Board of Directors of the Monte dei Paschi di Siena Foundation, in its meeting today, examined the expert opinion rendered by Prof. Giorgio De Nova, professor of civil law at the Università Statale di Milano, aided by Prof. Ugo Pomante, visiting professor of economics of financial markets at the Università Tor Vergata in Rome, and adopted by the Administrative Board within the sphere of its assignment by the Board of Directors to carry out an investigation of the causes for the current situation of the MPS Foundation.

The opinion examined, excluding other responsabilities, takes a position on the existence of responsibility on the part of members of the governing bodies of the Foundation and of third parties with regard to the indirect underwriting by the Foundation of the reserved capital increases implemented by Banca MPS in 2008, for the purpose of the fund raising necessary to purchase Banca Antonveneta by Banca MPS.

As a result of this meeting, the Board of Directors felt that the premises existed for a cause of action for liability with regard to the examined operation on the part of members of Deputazione Amministratrice in office at that time and of the advisors that issued the fairness opinion on the purchase price for Banca Antonveneta.
The Board of Directors resolved to give a mandate to the Administrative Board and to the President, within their respective spheres of competence, to carry out each and every action necessary and/or fitting to pursue a judgement concerning the actions indicated.