Banco Comercial Portugues

Capital/Financing Update • Mar 13, 2025

13 March 2025

Banco Comercial Português, S.A. informs about issue of Tier 2 Notes

Banco Comercial Português, S.A. hereby informs that today the Bank has fixed the terms for a new issue of subordinated Tier 2 Notes under its Euro Note Programme.

The issue, in the amount of €500 million, will have a tenor of 12 years, with the option of early redemption by the Bank in the last three months of year 7, an annual interest rate of 4.75% during the first 7 years (corresponding to a spread of 2.150% (the "Spread") over the 7-year mid-swap rate). The interest rate for the last 5 years will be determined on the basis of the then applicable 5-year mid-swap rate plus the Spread.

The issue was placed among a diversified base of reference institutional investors after a speedy and successful execution.

End of announcement

Banco Comercial Português, S.A.

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