Milan, 10 March (LaPresse) – The Boards of Directors of Banca Monte dei Paschi di Siena and Mediobanca, meeting today, approved the merger plan for the incorporation of Mediobanca into MPS. This was announced in a joint statement. The two boards of directors, with the assistance of their respective financial advisors, have determined the exchange ratio to be 2.45 Mps shares, with no par value, for each outstanding Mediobanca ordinary share, which also has no par value. The exchange ratio, it is emphasised, takes into account the distribution of dividends for the financial year ending 31 December 2025, as announced to the public by the Boards of Directors of MPS and Mediobanca on 10 February 2026 and 9 February 2026, respectively. The exchange ratio, it is added, is not subject to adjustments or cash payments.