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        Banco Comercial Portugues, SA
               Sociedade Aberta
               Rua Julio Dinis, 705/719
               Capital social: 2.101.562.549 Euros   (registered capital)
               Matriculada na C.R.C. do Porto sob    (registar no.)
                o no.40 043
               Pessoa Colectiva No 501 525 882        (company i.d)

Transaction    PURCHASE

Securities:    BCP Registered ordinary shares

Date of 
Transaction:   2001-02-07


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


LETTER FROM: BANCO COMERCIAL PORTUGUES