Acquisition of Interest

Banco Comercial Portugues S.A.
22 December 1999


BANCO COMERCIAL PORTUGUES ACQUIRES BSCH'S STAKE IN LEASEFACTOR, SGPS

Lisbon, 22 December, 1999: Banco Comercial Portugues Group announced today that
it has acquired the shares it did not own in Leasefactor SGPS - Portugal's
largest leasing and factoring operator - from Banco Santander Central Hispano
for 73.6 million Euro.

Leasefactor SGPS, with total assets of 1,717 million Euro, leads the industry
with market shares of 24.5% and 40.3% in leasing and factoring, respectively,
having reported 5.2 million Euro in Net Income for the first nine months in
1999.