FRN Variable Rate Fix

BANCO COMERCIAL PORTUGUES S.A.
                  

RE: BANCO COMMERCIAL PORTUGES SA
    EUR 5,750,000.00
    MATURING: 30/Oct/2006
    ISSUE DATE: 30/Oct/2001
    ISIN: XS0137583364

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
31/Oct/2005 TO 28/Apr/2006 HAS BEEN FIXED AT 4.286000 PCT.

DAY BASIS 179/360

INTEREST PAYABLE VALUE 28/Apr/2006 WILL AMOUNT TO
EUR 21.31 PER EUR 1,000.00 DENOMINATION.

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