Legal Note of Application

Banco Comercial Portugues S.A. 05 August 2002 FOR IMMEDIATE RELEASE AUGUST 2, 2002 ANNOUNCEMENT OF LEGAL NOTE OF APPLICATION Lisbon, August 02, 2002 - In accordance with article 248 of the Portuguese Securities Code, Banco Comercial Portugues (BCP, NYSE:BPC, LSE: BCG) hereby announces that its subsidiary BPA Bank National Association, registered in the State of New Jersey, United States of America, has submitted an application requesting authorization to the Office of the Comptroller of the Currency to acquire all the capital stock of Interbank of New York, registered in the State of New York, and to merger this bank into BPA Bank National Association. The requested authorization is a mandatory condition to the conclusion of the negotiations of the above-referred transaction. The proposed acquisition of Interbank of New York is part of the consolidation and development of BCP Group's activities in the USA and Canada, and will complement the 'Community Banks' clients segment approach in the East Coast, successfully developed through BPA Bank National Association. The estimated total investment will be of approximately USD 35 million. Banco Comercial Portugues End of Announcement. This information is provided by RNS The company news service from the London Stock Exchange