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Banco Comercial Portugues

Capital/Financing Update Mar 4, 2016

1913_iss_2016-03-04_7653bc7f-d22f-458b-9d88-07b11783374c.pdf

Capital/Financing Update

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BANCO POPULAR PORTUGAL, S.A. Head Office: Rua Ramalho Ortigão, 51, Lisboa Registered in the Lisbon Commercial Registry Office under the sole Commercial Registration and Tax Payer number: 502 607 084 Share Capital: 476.000.000 Euros

MATERIAL INFORMATION

Banco Popular Portugal, S.A. informs that in a press release dated 3 March 2016 DBRS placed "under review with negative implications" the rating of its Covered Bonds noticing that the ratings may be downgraded to BBB from BBB (high) currently.

This action follows the publication of the Critical Obligations Rating Criteria on 2 February 2016 and of a request for comments on the Ratings European Covered Bonds Methodology on 4 February 2016.

Lisbon, 4 th March 2016

BANCO POPULAR PORTUGAL, S.A.

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