Disposal of Shares

Banco Comercial Portugues S.A.
30 December 1999

TO: COMPANY ANNOUNCEMENTS

Notification of transactions of own shares

We advise that the company mentioned below has done a transaction as per the
following terms: 

Company:    Banco Comercial Portugues, S.A.,
            Rua Julio Dinis, 705/719
            Capital social: 1.000.000.000 Euros (registered capital)
            Matriculada na C.R.C. do Porto sob o no. 40.043 (registar no)
            Pessoa Colectiva No 501 525 882 (company i.d)

Transaction:   SALE

Securities: 

(BCP AM); BCP Registered ordinary shares

Date of Transaction: 99-12-30

Quantity               Price

(40,167,600)           EUR (5.40)
    (20,000)           EUR (5.41)
    (12,400)           EUR (5.43)