Purchase of Own Securities

Banco Comercial Portugues S.A.
1 August 2000


LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

Notification of transactions of own shares

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

Company     BCP IF, SGPS, Lda
            Sociedade Unipessoal
            Av. Jose Malhoa, Lote 1686             
            Capital social: 25.000 Eur                     (registered capital)
            Matriculada na C.R.C. de Lisboa sob o no 5.149 (register no.)
            Pessoa Colectiva No 503 399 949                (company i.d.)

Transaction    SALE

Securities:    BCP Registered ordinary shares

Date of Transaction:  2000-08-01

Quantity          Price

121,628,180       5.69

Market            Cotacoes Oficiais (X)
                  Balcao (   )


LETTER FROM: BANCO COMERCIAL PORTUGUES, S.A.