Banco Comercial Portugues

Capital/Financing Update • Dec 5, 2023

5 December 2023

Banco Comercial Português, S.A. informs about conversion of its existing covered bonds programme into a covered bonds programme compliant with the Legal Regime of Covered Bonds

Banco Comercial Português, S.A. announces that, following the entry into force of Decree-Law no. 31/2022, of 6 May, approving the new legal regime of covered bonds and transposing Directive (EU) 2019/2162 ("Legal Regime of Covered Bonds"), the conversion of its existing covered bonds programme into a covered bonds programme compliant with the Legal Regime of Covered Bonds, in the total amount of €12,500,000,000 (the "Programme"), was approved on the present date by the Portuguese Securities Commission (Comissão do Mercado de Valores Mobiliários) ("CMVM").

Accordingly, Banco Comercial Português, S.A. hereby informs that the covered bonds issues with the ISINs indicated below shall, as from the present date, be governed by the Legal Regime of Covered Bonds and by the terms of the adjusted programme. The prospectus for the adjusted programme is available at:

https://ind.millenniumbcp.pt/pt/Institucional/investidores/Documents/divida/2023/Base-Prospectus-FINAL-21112023.pdf.

ISINs:

• (i) € 2,200,000,000 Floating Rate Covered Bonds due 2024 Series 5 (ISIN PTBIPGOE0061);
• (ii) € 2,000,000,000 Floating Rate Covered Bonds due 2025 Series 6 (ISIN PTBCSFOE0024);
• (iii) € 1,000,000,000 Floating Rate Covered Bonds due 2027 Series 7 (ISIN PTBCS3OE0028); and
• (iv) € 4,000,000,000 Floating Rate Covered Bonds due 2026 Series 8 (ISIN PTBCQLOE0036).

End of announcement Banco Comercial Português, S.A.

1/2