Teixeira Duarte 2% Holding

Banco Comercial Portugues S.A.
06 November 2002

For immediate release                        November 6, 2002

Announcement

Lisbon, November 6, 2002 - Banco Comercial Portugues (BCP, NYSE: BPC, LSE: BCG)
hereby announces that, in accordance with article 16 of the Portuguese
Securities Code (Codigo dos Valores Mobiliarios), it has received an information
from TEIXEIRA DUARTE-SOCIEDADE GESTORA DE PARTICIPACOES SOCIAIS, S.A.,
indicating that this company currently holds 50,576,821 shares of BANCO
COMERCIAL PORTUGUES, S.A., corresponding to 2.17 % of the share capital and
2.18% of the voting rights, as follows:

1)      46,846,834 shares held directly and indirectly by TEIXEIRA DUARTE -
        ENGENHARIA E CONSTRUCOES, S.A..

2)      2,500,000 shares held by TDG - SOCIEDADE GESTORA DE PARTICIPACOES
        SOCIAIS, S.A.;

3)      850,764 shares held by the members of the Board of Directors and Auditor
        of TEIXEIRA DUARTE-SOCIEDADE GESTORA DE PARTICIPACOES SOCIAIS, S.A.;

4)      379,223 shares held by the Members of the Boards of the companies
        controlled by TEIXEIRA DUARTE-SOCIEDADE GESTORA DE PARTICIPACOES SOCIAIS 
        S.A..

Banco Comercial Portugues would like to inform you that prior to this
announcement TEIXEIRA DUARTE-SOCIEDADE GESTORA DE PARTICIPACOES SOCIAIS S.A. and
its affiliated companies already held 46,516,821 shares corresponding to 1.99%
of the bank's share capital.

The present announcement is made under the Portuguese regulations, which require
for any participation above 2% of the voting rights to be made public.


                        Banco Comercial Portugues, S.A.

End of release.



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