FRN Variable Rate Fix

BANCO COMERCIAL PORTUGUES S.A.
                  

RE: BANCO COMMERCIAL PORTUGUES SA
    EUR 80,000,000.00
    MATURING: 19/Jul/2007
    ISSUE DATE: 19/Jul/2004
    ISIN: XS0196187909

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19/Jan/2006 TO 19/Apr/2006 HAS BEEN FIXED AT 2.648000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 19/Apr/2006 WILL AMOUNT TO
EUR 662.00 PER EUR 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: [phone]/3855 OR FAX: [phone].