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
12/Aug/2005 TO 14/Nov/2005 HAS BEEN FIXED AT 2.334000 PCT

DAY BASIS 94/360

INTEREST PAYABLE VALUE 14/Nov/2005 WILL AMOUNT TO:
EUR 609.43 PER EUR 100,000.00 DENOMINATION

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