Dividend Declaration

Banco Comercial Portugues S.A.
2 April 2002



For immediate release April 2, 2002



                              PAYMENT OF DIVIDENDS

                                   YEAR 2001

(Lisbon, April 2, 2002)- Banco Comercial Portugues (BCP; NYSE: BPC; LSE: BCG)
has announced that the 2001 dividend in the gross amount of Euro 0.15 per share
approved at the shareholders meeting held on March 18 2002, will be payable on
April 15 2002, to the holders of record of BCP shares on April 12 2002.




                          Residents                             Non-Residents
Gross Dividend            € 0.15                                € 0.15
Income tax                € 0.0225                              € 0.0375
Inheritance tax           € 0.0075                              € 0.0075
Net Dividend              € 0.12                                € 0.105



The shares will start trading ex-dividend from April 10 2002. Therefore, shares
bought until April 9 2002, inclusive, will be entitled to the 2001 dividend.

End of announcement



For further information:
Miguel Duarte                Banco Comercial Portugues    Tel: [phone]
Toby Moore/Emma Pickford     Citigate Dewe Rogerson       Tel: [phone]




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