Agreement

Banco Comercial Portugues S.A.
31 May 2000


             BANCO COMERCIAL PORTUGUES ('BCP') AND DEUTSCHE BANK
                ANNOUNCE AGREEMENT REGARDING BIG BANK GDANSKI

(Lisbon, May 31, 2000): Banco Comercial Portugues (BCP, NYSE: BPC, BCPPRA)
and Deutsche Bank AG today announced that they have reached an agreement
concerning their investments in BIG Bank Gdanski (BBG).

Deutsche Bank has announced the selling of its stake in BBG to BCP and other
European investors.

BCP is expected to increase its shareholding in BBG from 14.9% to 19.9%, for
an investment cost of Euro 79.6 million.  BCP is considering increasing its
shareholding in BBG by up to a further 5% and, should such a decision be
made, will be making proper notifications and applying for pertinent consent
from the appropriate authorities in Poland.

'We are pleased to have reached an agreement with Deutsche Bank, clear
evidence of the spirit of open dialogue and discussion that has prevailed
between our institutions,' commented Mr Jorge Jardim Goncalves, Chairman and
CEO of BCP, adding 'The stability of the shareholder base of BBG which will
follow is paramount to the development of our projects in Poland with our
partners'.

For further information

Rui Lopes                  Banco Comercial Portugues  Tel: [phone]
Toby Moore/Emma Pickford   Citigate Dewe Rogerson     Tel: [phone]
Cindy Lyman/               Citigate Dewe Rogerson     Tel: [phone]
Melissa Payne-Smith