Banco Comercial Portugues

Capital/Financing Update • Sep 19, 2019

September 19, 2019 Banco Comercial Português, S.A. informs about potential issue of subordinated notes

Banco Comercial Português, S.A. informs that has mandated Credit Suisse, Goldman Sachs International, JP Morgan and Millennium BCP to act as Joint Lead Managers in the context of a potential Euro-denominated fixed-rate subordinated notes issue, with a maturity of 10 years and 6 months and a call option once 5 years and 6 months have elapsed, to be issued off the Bank's Euro Note Programme. It is intended that the notes fulfill the regulatory requirements to be qualified as Tier 2. The transaction may be launched in the near future subject to market conditions.

End of announcement Banco Comercial Português, S.A.

1/1

BANCO COMERCIAL PORTUGUÊS, S.A., a public company (sociedade aberta) having its registered office at Praça D. João I, 28, Oporto, registered at the Commercial Registry of Oporto, with the single commercial and tax identification number 501 525 882 and the share capital of EUR 4,725,000,000.00 LEI: JU1U6S0DG9YLT7N8ZV32

INVESTOR RELATIONS Bernardo Collaço Phone +351 211 131 084 investors@millenniumbcp.pt bernardo.collaco@millenniumbcp.pt lmonteiro@millenniumbcp.pt

MEDIA CONTACT Erik T. Burns Phone +351 211 131 242 Mobile +351 917 265 020 erik.burns@millenniumbcp.pt cintia.barbas@millenniumbcp.pt