Partnership Agreement etc

Banco Comercial Portugues S.A. 29 December 1999 Banco Comercial Portugues and SIVA SGPS purchase Interbanco, S.A. Banco Comercial Portugues (BCP) and SIVA SGPS announced today the closing of a partnership agreement, which includes the acquisition of Interbanco, S.A. (Interbanco), by the two parties in equal amounts, subject to the non-oposition of Bank of Portugal. Interbanco is an institution specialized in car financing to individual and corporate clients. Launched in 1997, Interbanco reported as at 30 September, 1999, Total Assets (inclusive of securitized receivables) and Net Worth of 85.8 e 8.1 billion Escudos, respectively. Through the signing of this partnership and the purchase of the equal stakes in Interbanco, BCP and SIVA are confident in the development of this specialized finance platform, to be build upon the partners's competences in the management and distribution of car industry products and related financial services. Lisbon, 29 December 1999