Purchase of Own Securities

Banco Comercial Portugues S.A.
11 January 2000

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 on 40.043 (registar no).
             Pessoa Colectiva No. 501 525 882             (company i.d.)

Transaction:  SALE

Securities:   BCP Registered ordinary shares

Date of Transaction: 2000-01-11

Quantity: 45,250,000

Price:    (5.39)

Market

Rui M. Alexandre-Lopes, Director Geral
(Tel: [phone]: Fax: [phone])