Result of Meeting

BANCO COMERCIAL PORTUGUES S.A.
26 July 1999

                      BANCO COMERCIAL PORTUGUES ('BCP')
                                      
                   GENERAL MEETING OF SHAREHOLDERS HELD IN
                                   OPORTO

(Oporto, July 26, 1999):  Shareholders representing 49.35% of the share
capital of Banco Comercial Portugues, S.A. (BCP, NYSE: BPC) convened today at
3.00pm in Oporto for a General Meeting of the Company.

The meeting approved a motion authorising the Board of Directors to increase
its share capital by up to 1,257,115,685 Euros, through the issue of
251,423,137 shares of the nominal value of 5 Euros each, which shares are to
be issued at premium with payment in kind in consideration of the public
tender offers to be launched by Banco Comercial Portugues for shares of
Companhia de Seguros Mundial Confianca and Banco Pinto e Sotto Mayor.

The meeting also approved the designation of an independent certified
accountant for appraisal of payment in kind of the above-mentioned share
capital increase.

The meeting approved amendments to the Company by-laws as a result of the
capital increase approved in the same.

For further information

Rui Lopes                   BCP                     Tel:  [phone]
Kevin Soady/Toby Moore/     Citigate Dewe Rogerson  Tel:  [phone]
Emma Pickford
John McInerney/Cindy Lyman  Citigate Dewe Rogerson  Tel:  [phone]