Purchase of Own Securities

Banco Comercial Portugues S.A.
10 July 2001


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 S.A.

                      2.326.714.877 Euros    (registered capital)
                      no 40.043              (registar no.)
                      501 525 882            (company i.d.)

Transaction           SALE 
                       
Securities:           BCP Registered ordinary shares 

Date of Transaction:  2001-07-05

                      Quantity        Price

                      1.322     EUR   0.0000*

*Free distribution of shares to BCP employees as approved at the Shareholders
General Meeting of March 26 2001.