Banco Comercial Portugues

AGM Information • Feb 5, 2016

Banco BPI, S.A. Public Company Registered office: Rua Tenente Valadim, 284, Porto, Portugal Share capital: € 1 293 063 324.98 Registered at Commercial Registry of Porto under Unique taxpayer reference number 501 214 534

RESOLUTIONS PASSED AT THE GENERAL MEETING OF SHAREHOLDERS ON 5 FEBRUARY 2016

Notice is hereby given that Banco BPI, S.A.'s Annual General Meeting was held today, in Porto. A total of 221 shareholders were present or represented, holding shares corresponding to 82.35% of the total number of shares representing its share capital.

The General Assembly thus constituted approved in respect to the items on the agenda the following:

Item 1 of the Agenda

It did not approve the demerger of Banco BPI, by virtue of not having been reached the qualified majority of two thirds of the votes of which the approval of the said deliberation depended on; the proposal in question obtained the favorable votes of 63.08% of the votes cast.

Item 2 of the Agenda

Given that the decision on the proposal under item 2 on the agenda was conditional upon approval of the demerger object of item 1 of the agenda, and that this was not approved, the point 2 of the agenda was void.

Item 3 of the Agenda

Ratified by 99.22% of the votes cast, the appointment of Lluís Vendrell Pi vowel to fill a vacancy on the Board of Directors.

Item 4 of the Agenda

Adopted by 99.99% of the votes cast, an authorization of the Board of Directors for the acquisition and sale of own shares.

Porto, 5 February, 2016

Banco BPI, S.A.