Holding in Company

Banco Comercial Portugues S.A.
8 November 2001


FOR IMMEDIATE RELEASE                                        8 NOVEMBER 2001


                          BANCO COMERCIAL PORTUGUES

                            OBTAINS APPROVAL FROM

                 NATIONAL BANK OF POLAND TO INCREASE STAKE IN

            BIG BANK GDANSKI'S CAPITAL UP TO 50% OF VOTING RIGHTS



Further to our announcement issued September, 20, 2001, this is to inform that
on November 7, 2001, Banco Comercial Portugues obtained authorisation from the
National Bank of Poland Banking Supervisory Committee, to increase its stake
in Big Bank Gdanski's capital up to 50% of the voting rights, being the
subsequent formalities on course at the Securities and Exchange Commission of
Poland

BCP is pleased with the authorisation obtained, which will enable the planned
implementation of our strategy in Poland aiming to develop Big Bank Gdanski as
a successful financial institution in the country.

Furthermore, we inform that regarding BBG's upcoming capital increase,
approved by General Shareholders Meeting held on October 22, the day for
defining the Shareholders' pre-emptive rights with regard to the issue is
November, 9, 2001. The issue rights will be traded separately from November 12
to November 26 in the Warsaw Stock Exchange.


For further information:

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