Dividend Declaration

Banco Comercial Portugues S.A.
21 March 2000

                        Banco Comercial Portugues, S.A.
                               SOCIEDADE ABERTA
   CAPITAL SOCIAL: 1.000.000.000 EUROS - SEDE: RUA JULIO DINIS, 705/719 - PORTO
MATRICULADO NA CONSERVATORIA DO REGISTO COMERCIAL DO PORTO SOB ON.o 40.043
                   PESSOA COLECTIVA N.o 501 525 882       


                          PAYMENT OF DIVIDEND
                         FISCAL YEAR OF 1999


We hereby inform all shareholders that, as of April 7, 2000, the dividend
related to the fiscal year of 1999 will be available for payment as described
below:

Gross dividend:         PTE: 30.0723 (Euro: 0.15)
IRS/IRC (Income tax):   PTE:  3.7590
ISD (Inheritance tax):  PTE:  1.5036
Net dividend:           PTE: 24.8097

All shareholders exempt from tax withholding should inform Banco Comercial
Portugues, S.A., no later than April 22, 2000, of their intention to claim such
tax treatment.

In the terms of the 'Regulamento Geral da Central de Valores Mobiliarios', the
payment of dividends will be executed through the 'Central de Valores
Mobiliarios'.

                   BANCO COMERCIAL PORTUGUES, S.A.
                       THE BOARD OF DIRECTORS