Result of Meeting

BANCO COMERCIAL PORTUGUES S.A
26 July 1999



              Banco Comercial Portugues S.A.'s General Meeting
                     of Shareholders held in Oporto

Oporto, July 26, 1999:  Shareholders representing 49.35% of the share capital of
Banco Comercial Portugues, S.A. (BCP, NYSE: BCP) convened today, at 3 p.m., in
Oporto, for a General Meeting of the company.

The meeting approved a motion authorising the Board of Directors to increase its
share capital by up to 1,257,115,685 Euros, through the issue of 251,423,137
shares of the nominal value of 5 Euros each, which shares are to be issued at
premium with payment in kind in consideration of the public tender offers to be
launched by Banco Comercial Portugues for shares of Companhia de Seguros
Mundial-Confianca, S.A. and Banco Pinto & Sotto Mayor, S.A..

The meeting also approved the designation of an independent certified
accountant for appraisal of payment in kind of the abovementioned share
capital increase.

The meeting approved amendments to the Company by-laws as a result of the
capital increase approved in the same.