Banco Comercial Portugues

Capital/Financing Update • Jan 9, 2023

9 January 2023

Banco Comercial Português, S.A. releases additional information about Restructuring Funds

In addition to the announcement of December 29, 2022, on the conclusion of the Crow Project, regarding the sale of Participation Units in the Fundo de Recuperação Turismo, Fundo de Capital de Risco and FLIT-PTREL-SIF, S.C.A., as well as other assets of the hospitality sector, Banco Comercial Português, S.A. informs that the completion of this transaction resulted in the receipt of approximately 233 million euros.

Based on the terms of the transaction, Banco Comercial Português, S.A informs that the conclusion of the Crow project had a positive marginal impact of 1.6 million euros on the consolidated results for the year 2022. In terms of capital ratio (CET1 fully implemented), it is estimated that the reduction in exposure on the balance sheet to these assets, due to the sales made, will be reflected in an increase of approximately 15 bps.

End of announcement Banco Comercial Português, S.A.