Purchase of Own Securities

Banco Comercial Portugues S.A.
22 February 2001


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        Mello Capital LTD
               100% controlled by
               Banco Comercial Portugues, S.A.
               Sociedade Aberta
               Rua Julio Dinis, 705/719 Porto
               Capital social: 2.101.562.549 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    PURCHASE

Securities:    BCP Registered ordinary shares

Date of 
Transaction:   2001-02-21


               Quantity               Price
          
               (3,584)                (EUR 5.50)


LETTER FROM: BANCO COMERCIAL PORTUGUES