Conversion Price Fixed

Banco Comercial Portugues S.A. 24 December 2002 For immediate release December 23, 2002 Announcement Mandatory Convertible securities Capital BCP 2005 Lisbon, December 23, 2002 - Banco Comercial Portugues (BCP, NYSE: BPC, LSE: BCG) hereby announces that the conversion price set in accordance with point 2.5.4 of the prospectus of the offer is 2.449 euros. Banco Comercial Portugues, S.A. End of release. This information is provided by RNS The company news service from the London Stock Exchange