Dividend Declaration

Banco Comercial Portugues S.A.
28 February 2003





For immediate release                                          February 27, 2003

                              PAYMENT OF DIVIDENDS
                                   YEAR 2002


(Lisbon, February 27, 2003) - Banco Comercial Portugues, S.A. (BCP; NYSE: BPC;
LSE: BCG) has announced that the 2002 dividend in the gross amount of 0.10 euro
per share approved at the Annual General Meeting of Shareholders held on
February 24, 2003 will be paid on March 14, 2003 to the holders of BCP shares at
the record date of March 13, 2003.


                                                         Residents            Non-Residents
                     Gross Dividend                       € 0.10                 € 0.10
                     Income tax                           € 0.015                € 0.025
                     Gift and Inheritance tax             € 0.005                € 0.005
                     Net Dividend                         € 0.08                 € 0.07


BCP shares will be traded cum rights in the Stock Exchange until March 10, 2003,
inclusive, and will start trading ex-dividend from March 11, 2003.


End of announcement






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