Purchase of Own Securities

Banco Comercial Portugues S.A.
11 July 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, S.A.
            Sociedade Aberta
            Praca D. Joao I, 28, Porto
            Capital social : 2.326.714.877 Euros            (registered capital)
            Matriculada na C.R.C. do Porto sob o no. 40.043 (registar no.)
            Pessoa Colectiva No. 501 525 882                (company i.d.)

Transaction:  PURCHASE

Securities:   Accoes BCP Nominativas (BCP AM); BCP Registered ordinary shares

Date of Transaction:  2001-07-06

Quantity                  Price

 31.500        EUR        4,3800
 67.131        EUR        4,3900
 23.344        EUR        4,4000
  3.803        EUR        4,4100
 24.565        EUR        4,4200
 50.400        EUR        4,4300
276.096        EUR        4,4500


Market:    Cotacoes Officiais     X


LETTER FROM:  BANCO COMERCIAL PORTUGUES, S.A.
              INVESTOR RELATIONS DIVISION