Banco Comercial Portugues

Capital/Financing Update • Jun 21, 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

Mortgage Covered Bond Programme Conversion

Banco BPI, S.A. informs that, following the entry into force of Decree-Law No. 31/2022 of May 6 th which approved the new Legal Framework for Covered Bonds and transposed Directive (EU) 2019/2162, the conversion of its Mortgage Covered Bonds Programme, in the total amount of €9,000,000,000 was approved by the Portuguese Securities Market Commission ("CMVM") on June 21st 2023.

Accordingly, Banco BPI, S.A. informs that issues of mortgage covered bonds with the ISINs listed below are, as of that date, governed by the new Legal Framework for Covered Bonds and by the Terms and Conditions contained in the base prospectus of its Programme, also approved on the aforementioned date by the CMVM, and made available on this date in CMVM's information disclosure system.

ISINs:

• € 350,000,000 Floating Rate Covered Bonds due 2025 Series 9 (PTBBP6OE0023)
• € 1,250,000,000 Floating Rate Covered Bonds due 2025 Series 14 (PTBBRROE0048)
• € 700,000,000 Floating Rate Covered Bonds due 2024 Series 17 (PTBBBGOE0023)
• € 250,000,000 Floating Rate Covered Bonds due 2025 Series 20 (PTBPIYOM0028)
• € 500,000,000 0.25 per cent. Covered Bonds due 2024 Series 22 (PTBPIAOM0026)
• € 1,400,000,000 Floating Rate Covered Bonds due 2024 Series 23 (PTBPIHOM0037)
• € 2,050,000,000 Floating Rate Covered Bonds due 2029 Series 24 (PTBPIMOM0022)

Porto, 21st June 2023

Banco BPI, S.A.