Banco Comercial Portugues

Capital/Financing Update • Jun 29, 2021

Banco Comercial Português, S.A. (the "Issuer") informs about

RESULTS OF MEETING OF HOLDERS OF COVERED BONDS AND WRITTEN RESOLUTION OF THE ISSUER

29 June 2021

The Issuer informs that, at the General Meeting of the holders of "Series 9" (with ISIN Code PTBCPIOM0057) Covered Bonds (the "Series 9 Covered Bonds"), issued by the Issuer under the €12,500,000,000.00 Covered Bonds Programme (the "Programme"), held today, 29 June 2021, at 11h00, Lisbon time, at the Issuer's premises, located in Taguspark, Av. Prof. Doutor Cavaco Silva, Edifício 8, in Porto Salvo, Oeiras, Portugal, in which Holders holding 39 Series 9 Covered Bonds (with a nominal value of € 100,000.00 each) were present or represented, the proposed resolution concerning the following sole item of the Agenda, referred in the respective Convening Notice, was approved by unanimity of the votes cast:

Sole Item - Resolve on the removal of Deutsche Trustee Company Limited as Common Representative of the holders of "Series 9" (with ISIN code PTBCPIOM0057) Covered Bonds under the 12,500,000,000.00 Covered Bonds Programme (the "Programme") and, in its place, appoint Bondholders, S.L. as the Common Representative of the holders of the mentioned Covered Bonds, under the Programme.

The Issuer further informs that, on this same date, in relation to "Series 8" (with ISIN Code PTBCQLOE0036), "Series 7" (with ISIN Code PTBCS3OE0028), "Series 6" (with ISIN Code PTBCSFOE0024) and "Series 5" (with ISIN Code PTBIPGOE0061) Covered Bonds, issued under the Programme, of which the Issuer is the sole owner, the Issuer approved, by way of a Written Resolution, the removal of Deutsche Trustee Company Limited as Common Representative of the holders of the mentioned Covered Bonds and the appointment, in its place, of Bondholders, S.L. as the Common Representative of the holders of the mentioned Covered Bonds, for an

undetermined period, under the Programme.

As such, as from the date hereof, the Common Representative of the holders of the Covered Bonds which have been issued, and to be issued, under the Programme is Bondholders, S.L..

For further information please contact:

Banco Comercial Português, S.A. Taguspark - Avenida Prof Dr. Cavaco Silva, Edifício 2, Piso 2A 2740 - 256 Porto Salvo Portugal

End of announcement Banco Comercial Português, S.A.