Banco Comercial Portugues

Capital/Financing Update • Jun 11, 2025

BANCO BPI, S.A.

Registered Office: Av. Boavista, 1117, Porto Registered at Commercial Registry of Porto under registration number PTIRNMJ 501 214 534 and tax identification number 501 214 534 Share capital: € 1 293 063 324.98

ANNOUNCEMENT

DBRS Morningstar upgrades Banco BPI's Covered Bonds rating from AA to AA (high)

Banco BPI, S.A. informs that the rating agency DBRS Morningstar has upgraded the rating of the bonds issued under its Covered Bond Programme from AA to AA (high). The Covered Bonds are guaranteed by a pool of prime residential mortgage loans.

DBRS Morningstar justifies the rating upgrade with the evolution of the interest rates, the upgrade of CaixaBank S.A.'s (Banco BPI, S.A. sole shareholder) "Long Term Critical Obligations Rating" and its long-term ratings and the review of the "Legal and Structuring Framework Assessment" for Portuguese Covered Bonds from "Strong" to "Very Strong".

Banco BPI has currently six series of Covered Bonds rated by DBRS Morningstar:

• Series 20 PTBPIYOM0028
• Series 24 PTBPIMOM0022
• Series 25 PTBPIDOM0031
• Series 26 PTBPIZOM0035
• Series 28 PTBPIIOM0036
• Series 30 PTBPIFOM0039

Porto, 11th June 2025

Banco BPI, S.A.