Banco Comercial Portugues

Capital/Financing Update • Jan 22, 2019

January 22, 2019 Banco Comercial Português, S.A. informs about potential issue of perpetual subordinated notes

Banco Comercial Português, S.A. informs that has mandated Millennium BCP, Credit Suisse, JP Morgan and UBS Investment Bank to arrange a series of investor meetings with qualified investors in Lisbon, London and Paris, to take place on 23 January. A perpetual Euro denominated fixed rate subordinated notes issue, with a call option after the end of the year 5 and a 5.125% CET1 trigger temporary write down mechanism may follow, subject to market conditions. It is intended that the notes fulfill the regulatory requirements to be qualified as Additional Tier 1.

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 4,725,000,000.00 LEI: JU1U6S0DG9YLT7N8ZV32

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