Re Agreement

Banco Comercial Portugues S.A.
3 April 2002

Banco Comercial Portugues reaches an agreement to sell its economic interests in
Grupo Financiero Bital.

(Lisbon, April 3, 2002)- Banco Comercial Portugues (BCP; NYSE: BPC;LSE: BCG) has
reached an agreement with Banco Santander Central Hispano S.A. for the sale of
all its economic interests in Grupo Financiero Bital S.A. of Mexico, for a total
consideration of US $85,000,000, corresponding to 42,650,000 series 'O' shares,
representing 8,276% of the share capital of the company, and 66,666,000
convertible bonds.

This transaction , whose execution is pending authorization from the relevant
authorities, although having a minor positive impact on BCP's profit and loss
account, will have a favourable effect in the capital base of Banco Comercial
Portugues.



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