BANCO COMERCIAL PORTUGUES S.A.

RE: BANCO COMERCIAL PORTUGUES S.A.
EUR 5,750,000.00
MATURING: 30-Oct-2006
ISSUE DATE: 30-Oct-2001
ISIN: XS0137583364

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 30-Oct-2003 to
30-Apr-2004 HAS BEEN FIXED AT 4.158000 PCT.

INTEREST PAYABLE VALUE 30-Apr-2004 WILL AMOUNT TO 
EUR 21.14 PER EUR 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL:
44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.