Result of Meeting

BANCO COMERCIAL PORTUGUES, S.A. 
28 October 1999

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

Oporto,  October  28, 1999: The shareholders of Banco Comercial Portugues, 
S.A.(BCP; NYSE; BPC;)  convened  today, at 3 00 p.m., in Oporto,  for  the 
General Meeting of Shareholders.  Shareholders  and  representatives  of 
shareholders accounting for 56.58% of the Bank's share capital attended the
meeting.

The  Meeting  approved  and reaffirmed all proposals  approved  at  the 
General Meeting held on July 26, 1999, namely a proposal authorising the
increase of the share  capital up to Euro 1,257,115,685 by issuance of up to
251,423,137  shares of  nominal  value  5 Euro, under the terms specified in
the  announced  Public Offers  to  be launched by Banco Comercial Portugues
over Companhia  de  Seguros Mundial-Confianca, S.A. and Banco Pinto & Sotto
Mayor, S.A., and a  proposal  to adjust the Company's by-laws as a result of
the same.