Banco Comercial Portugues

Capital/Financing Update • Dec 6, 2018

ANNOUNCEMENT Reuters>bcp.Is Exchange>BCP Bloomberg>bcp pl ISIN PTBCP0AM0015

December 6, 2018 Banco Comercial Português, S.A. informs about upgrade of long-term credit rating by Fitch Ratings

Fitch Ratings upgraded BCP's long-term issuer credit rating to BB from BB-. The outlook is stable. The Viability Rating was upgraded to bb from bb-, reflecting BCP's stronger fundamentals, driven by, in particular, improving operating profitability and the meaningful progress in reducing problem assets.

End of announcement Banco Comercial Português,S.A.

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 Rui Coimbra Phone +351 211 131 084 investors@millenniumbcp.pt rui.coimbrafernandes@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