FRN Variable Rate Fix

BANCO COMERCIAL PORTUGUES S.A.
                  

RE: BANCO COMMERCIAL PORTUGUES SA
    EUR 100,000,000.00
    MATURING: 12/May/2009
    ISSUE DATE: 12/May/2004
    ISIN: XS0191449171

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
13/Feb/2006 TO 12/May/2006 HAS BEEN FIXED AT 2.785000 PCT.

DAY BASIS 88/360

INTEREST PAYABLE VALUE 12/May/2006 WILL AMOUNT TO
EUR 680.78 PER EUR 100,000.00 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: [phone]/3855 OR FAX: [phone].