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      BCP Bank & Trust Company (Cayman) Limited
             sociedade controlada directamente a 100% por /
             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)


Market:      Cotacoes Oficias       X


Letter from: Banco Comercial Portugues