Purchase of Own Securities

Banco Comercial Portugues S.A.
29 May 2001

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

We advise that the company mentioned below has done a transaction as per the
following terms:

Company:               Banco Comercial Portugues S.A.

Registered Capital:    2.326.714.877 Euros

Registar Number:       40.043

Company I.D.:          501 525 882

Transaction:           Purchase

Securities:            BCP Registered Ordinary Shares

Date of Transaction:   2001-05-22

Quantity:              170,489     

Price:                 EUR 4.8200

Market:                Cotacoes Oficiais

From:  Rui M Alexandre Lopes