Banco Comercial Portugues

Earnings Release • Jul 25, 2017

ANNOUNCEMENT Reuters>bcp.Is Exchange>BCP Bloomberg>bcp pl ISIN PTBCP0AM0015

July 25, 2017 Banco Comercial Português, S.A. informs about Bank Millennium (Poland) results in 1H2017

Banco Comercial Português, S.A. hereby informs that Bank Millennium in Poland, in which it has a 50.1% holding and whose accounts are fully consolidated at BCP group level, released today its results for the 1H2017. Main highlights are as follows:

"Further improvement of profitability and cost efficiency

• Net profit in 2Q 2017 at PLN 173.6 million (€40.75 million), (+24% q/q)
• 1H Net profit reached PLN 314.1 million (€74.3 million)
• ROE in 2Q close to double-digit: 9.6%
• Cost to Income in 2Q improved again to 46%

Core income as main driver of the improvement

• Core income grew 13.5% y/y
• Net interest income up by 11.3% y/y
• Net commission strong growth of 19.9% y/y

Strong asset quality and liquidity maintained

• Impaired loans ratio at 4.54%
• Cost of risk at 52 b.p.
• Strong liquidity kept: loan to deposits at 82.4% level

High capital ratios

• Both consolidated TCR and CET1 at 18.0% (without inclusion of 1H profit)"

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 5,600,738,053.72

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

1/1