Banco Comercial Portugues

Capital/Financing Update • Jun 30, 2023

BANCO BPI, S.A.

Registered office: Av. Boavista, 1117, Porto Registered at Commercial Registry of Porto under registration number PTIRNMJ 501 214 534 and tax identification number 501 214 534 Share capital: € 1 293 063 324.98

ANNOUNCEMENT

Fitch Ratings upgrades Banco BPI rating

Banco BPI, S.A. informs that the rating agency Fitch Ratings has upgraded Banco BPI rating, from BBB to BBB+, with Stable Outlook. As a result, the agency also upgraded the ratings on Banco BPI long-term senior preferred debt and long-term deposits from BBB+ to A-.

This decision reflects Fitch Ratings' view that Banco BPI's inclusion in the resolution perimeter of CaixaBank group (single-point-of-entry) and the sustainable build-up of internal resolution debt buffers results in a higher likelihood of support being available to Banco BPI. Fitch Ratings reaffirmed Banco BPI's standalone assessment (Viability Rating) of bbb-.

Porto, 30th June 2023

Banco BPI, S.A.