Banco Comercial Portugues

Earnings Release • Feb 2, 2018

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

February 2, 2018 Banco Comercial Português, S.A. informs about Bank Millennium (Poland) results in 2017

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 full year 2017. Main highlights are as follows:

"Improvement of profitability and cost efficiency

• 2017 Net profit reached PLN 681 million (€160 million)
• High quarterly Net profit of PLN 180 million (€42 million)
• ROE at 9.3% and Cost to Income ratio at 45.8%

Core income as main driver of the improvement

• Core income grew by 12.3% y/y
• Net interest income up by 11.6% y/y
• Net commission strong growth of 14.2% y/y

Solid asset quality and liquidity

• Impaired loans ratio at stable 4.6% with 67% coverage by provisions
• Cost of risk at 54 b.p.
• Loan to deposits ratio at 82% level

Strong capital ratios

• Group's TCR reached 22% boosted by PLN 700 million Tier 2 issue
• CET1 at 20% (without profit from 2017 year)

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