Purchase of Own Securities

Banco Comercial Portugues S.A.
29 May 2001


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE


Ref: 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:           SALE

Securities:            BCP Registered ordinary shares

Date of Transaction:   2001-05-24

Quantity               Price
(5,000,821)            (0.0000)

Market:                Balcao    (X)


LETTER FROM: BANCO COMERCIAL PORTUGUES