Further re Merger

Banco Comercial Portugues S.A.
19 June 2000


                       BANCO COMERCIAL PORTUGUES, S.A.


Banco Comercial Portugues, S.A. (BCP, NYSE: BPC, BCPPRA) and Banco Portugues
do Atlantico, S.A. ('BPA') shareholders have resolved, in due time, upon the
merger by incorporation of BPA into BCP. BCP announces that such merger will
become effective as at 30 June, 2000, leading to an issuance of 231,320,000
BCP new shares, corresponding to a share capital increase of 231,320,000
euro, to which is associated an issue premium of 4.80 euro per share.

For further information:

Rui Lopes                Banco Comercial Portugues    Tel: [phone]
Kevin Soady/Toby Moore   Citigate Dewe Rogerson       Tel: [phone]