Banco Comercial Portugues

Earnings Release • Jul 26, 2018

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

July 26, 2018 Banco Comercial Português, S.A. informs about Bank Millennium (Poland) results in 1H2018

Banco Comercial Português, S.A. hereby informs that Bank Millennium in Poland, in which it has a 50.1% holding and whose accounts are fully consolidated at BCP group level, released today its results for the first half of 2018. Main highlights are as follows:

"Profitability increase

• Net profit of 1H 2018 reached 348 million PLN, which means 11% yearly growth
• ROE at 9.5% and cost/income at 46.4%

Operating income exceeds costs growth

• Operating income grew by 5.4% y/y outpacing costs growth of 4% y/y
• Net interest income grew by 6.2% y/y and Net Commission Income by 2.4% y/y

Low cost of risk and improvement of loans quality

• Cost of Risk at 47 b.p. per annum
• Impaired loans (stage 3) ratio at 4.7% level

Strong capital and liquidity ratios

• Group's Total Capital Ratio (TCR) at 23.4% and CET1 ratio (=T1) at 21.3%, much above minimum regulatory thresholds
• Loans to Deposits ratio at 84%"

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 5,600,738,053.72

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