Abstract. We present the results from an XMM-Newton observation (January 24, 2001) of the bright Seyfert 1 galaxy ESO 198-G24 (z = 0.045). We found that this Seyfert has an intrinsic 2-10 keV luminosity of about 10 44 erg s −1 . This source shows no intrinsic absorption in addition to the Galactic absorption (N H ∼ 3 × 10 20 cm −2 ). We found both with EPIC and RGS that this source possesses significantly steeper spectra below ∼1.5-2 keV than observed at higher X-ray energies, the so-called soft X-ray excess. The RGS spectra reveal no significant narrow absorption lines suggesting that if there is a warm absorber, it either has a relatively low column density, or a very high ionization parameter. The RGS data are well described by the combination of a power-law, a modified black body continuum, and weak relativistic lines of O , and C Ly α . However other interpretations are not definitely excluded. The 2-10 keV energy band is well fitted by an absorbed power-law with a photon spectral index of Γ = 1.77 ± 0.04 (consistent with the typical Γ ∼ 1.7 found in Seyfert 1 galaxies). We found the presence of a narrow Gaussian emission line at 6.41 keV (i.e.