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. This information is provided by RNS The company news service from the London Stock Exchange TRBCBDBSUGGGDL