Banco Comercial Portugues

Capital/Financing Update • Mar 12, 2024

BANCO BPI, S.A.

Registered office: Avenida da Boavista, 1117, Porto Registered at Commercial Registry of Porto under registration number PTIRNMJ 501 214 534 Share capital: € 1 293 063 324.98

ANNOUNCEMENT

Issuance of 700 million euros senior non-preferred notes

• 1. Banco BPI, S.A. informs that it has decided to issue senior non-preferred notes, done under the Euro Medium Term Note Programme, in the amount of Euro 700 000 000 maturing in March 2030, with optional redemption in March 2029, which terms were set today. This issue will be solely subscribed by CaixaBank, S.A.
• 1. This issue is aimed at reinforcing liabilites eligible for MREL (Minimum Requirement for own funds and Eligible Liabilities).

At the end of December 2023 BPI had a MREL ratio as a percentage of RWA ("Risk Weighted Assets") of 23.9%, complying with the MREL requirement established for 1 January 2024 of 22.43%. After the aforementioned issue, the pro forma MREL ratio in December 2023 is 25.2%.

• 1. The issue will have a fixed coupon of 4.182%.
• 1. The issuance and settlement are expected to take place on March 19th .

Porto, 12 March 2024

Banco BPI, S.A.