Purchase of Own Securities

Banco Comercial Portugues S.A.
19 July 2002


LETTER TO RNS

We advise that the company mentioned below has done a transaction as per the
following terms:

     Company:               Banco Comercial Portugues, S.A.
                            Sociedade Aberta
                            Praca D. Joao I, 28
                            2.326.714.877 Euros             (registered capital)
                            No. 40.043                      (registar no.)
                            No. 501 525 882                 (company i.d.)

     Transaction:           PURCHASE

     Securities:            BCP Registered ordinary Shares
                   
     Date of Transaction:   2002-07-16

                    Quantity          Price

                     244.000          3,28
                     100.000          3,29
                        1000          3,33
                      59.060          3,34
                      95.940          3,35
           

                    Market            Cotacoes Oficiais
    
FROM BANCO COMERCIAL PORTUGUES, S.A.

                      This information is provided by RNS
            The company news service from the London Stock Exchange