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Banco Comercial Portugues

Capital/Financing Update • Mar 11, 2020

1913_iss_2020-03-11_af323906-39d4-4edc-b1da-454385df1a7d.pdf

Capital/Financing Update

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BANCO BPI, S.A.

Registered office: Rua Tenente Valadim, 284, 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

Moody's upgrades Banco BPI and its long-term senior debt ratings to Baa3

The international rating agency Moody's has upgraded Banco BPI and its long-term senior unsecured debt ratings from Ba1 to Baa3, returning to investment grade. Moody's has affirmed Banco BPI's long-term deposits rating at Baa1. The Outlook for both long-term deposits and Banco BPI is "Stable".

Following this rating action by Moody's, Banco BPI long-term debt is rated investment grade by the three international agencies - Fitch Ratings, Moody's and S&P Global Ratings.

Banco BPI, S.A.

Porto, 11 March 2020