Purchase of Own Securities

Banco Comercial Portugues S.A.
7 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 Empresas, SGPS, Lda
               Av. Jose Malhoa, Lote 1686
               Capital social: 7.728.000.000 Escudos  (registered capital)
               Matriculada na C.R.C. do Lisboa sob    (registar no.)
                o no.5 151
               Pessoa Colectiva No 503 399 930        (company i.d)

Transaction    SALE

Securities:    BCP Registered ordinary shares

Date of 
Transaction:   2001-02-07


               Quantity               Price
          
               (25,000,000)           (5.68)


LETTER FROM: BANCO COMERCIAL PORTUGUES