Banco Comercial Portugues

Capital/Financing Update • Oct 18, 2022

18 October 2022

Banco Comercial Português, S.A. informs about issue of senior preferred debt securities eligible for MREL

Banco Comercial Português, S.A. ("Bank") hereby informs that it has fixed the terms for a new issue of senior preferred debt securities eligible for MREL (Minimum Requirement for own funds and Eligible Liabilities), under its Euro Note Programme.

The issue, in the amount of €350 million, will have a tenor of 3 years, with the option of early redemption by the Bank at the end of year 2, an issue price of 100% and an annual interest rate of 8.5% during the first 2 years (corresponding to a spread of 5.547% over the 2-year mid-swap rate). The annual interest rate for the 3 th year was set at 3-month Euribor plus a 5.547% spread.

The high demand and the diversified profile of the investors who subscribed the issue confirmed, once again, the Bank's ability to access capital market in a context of high volatility and great uncertainty as has been the case in recent months.

End of announcement Banco Comercial Português, S.A.