Banco Comercial Portugues

Regulatory Filings • Sep 28, 2017

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

September 28, 2017 Banco Comercial Português, S.A. informs about platform for the integrated management of delinquent loans

Banco Comercial Português, Caixa Geral de Depósitos and Novo Banco have today signed a memorandum of understanding for the creation of "Plataforma de Gestão de Créditos Bancários, ACE" ("the Platform"), a tool that will allow for an enhanced co-ordination among lenders, aimed at increasing the effectiveness and speed of credit and companies' restructuring processes.

Under this memorandum, the three parties involved have stated their intention to create the Platform, with the purpose of managing, in an integrated manner, an array of credits granted to a number of shared debtors and classified as NPE ("Non Performing Exposures").

On an initial phase, the Platform will manage credits with a nominal aggregate value not lower than €5,000,000 (five million euros) per eligible debtor. Assets to be managed by the Platform will remain in each of the banks' balance sheets.

The Platform is designed as to allow other financial institutions or financial societies, sharing debtors with other members, to join on a voluntary basis in the future.

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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

The Platform is to pursue the following goals:

• Recovering credit and speeding-up the reduction of NPE portfolios held by banks;
• Supporting the recovery of several sectors of the Portuguese economy, through credit and debtors' restructuring, and increasing asset viability;
• Fostering companies' re-composition and consolidation, when necessary to ensure debtors viability and soundness;
• Facilitating and fostering the access of companies, either already restructured or under restructuring, to public or private sources of new capital or of funding;
• Accelerating and facilitating debtors' negotiations with banks, aimed at corporate restructuring;
• Lobbying the Government and the Bank of Portugal for changes to the legal, judicial and fiscal framework, as to render corporate restructuring processes swifter and more efficient.

The memorandum of understanding also calls for the appointment of Mr. José Correia as the Chief Executive Officer of the Platform and as the coordinator of its establishment process. Other corporate bodies are to be staffed by representatives of the financial entities involved and by independent members to be appointed.

End of announcement Banco Comercial Português, S.A.