ANNOUNCEMENT

Reuters>bcp.Is Exchange>BCP Bloomberg>bcp pl ISIN PTBCP0AM0015

September 15, 2017 Banco Comercial Português, S.A. informs about qualified shareholding of Norges Bank

In accordance with article 17 of the Portuguese Securities Code (Código dos Valores Mobiliários),

Banco Comercial Português, S.A. ("BCP") hereby informs that it has received the attached notice from Norges Bank, communicating that, following transactions dated September 11, 2017, the latter became the holder of a 2.541% stake in BCP's share capital.

End of announcement

Banco Comercial Português, S.A.

1/1

BANCO COMERCIAL PORTUGUÊS, S.A.,

a public company (sociedade aberta)

having its registered office at Praça D. João I, 28, Oporto, registered at the Commercial Registry of Oporto,

with the single commercial and tax identification number 501 525 882

and the share capital of EUR 5,600,738,053.72

INVESTOR RELATIONS

Rui Coimbra

Phone +351 211 131 084

investors@millenniumbcp.pt rui.coimbrafernandes@millenniumbcp.pt lmonteiro@millenniumbcp.pt

MEDIA CONTACT

Erik T. Burns

Phone +351 211 131 242

Mobile +351 917 265 020

erik.burns@millenniumbcp.pt cintia.barbas@millenniumbcp.pt

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* esma

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European Securities and Markets Authority

Date:22 October 2015 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at-

tachedii:

Banco Comercial Portugues SA (PTBCPOAM0015)

2. Reason for the notification (please tick the appropriate box or boxes):

[ ] An acquisition or disposal of voting rights

[X] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name: Norges Bank I City and country of registered office (if applicable): Oslo, Norway

4. Full name of shareholder(s} (if different from 3}:

5. Date on which the threshold was crossed or reached•i: 11/09/2017

6. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 7.A)

% of voting rights through financialin- struments

(totalof 7.B.1 + 7.B.2)

Total of both in %

(7.A + 7.B)

Total number of voting rights of issuer•ii

Resulting situation

on the date on which threshold was crossed or reached

0.515 %

2.026 %

2.541 %

15,113,989,952

Position of previous

notification (if appli- cable)

0.548 %

1.997 %

2 .544 %

.

* •

.. esma

• •

..

7.Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A:Voting rights attached to shares

Class/type of

shares

ISIN code (if possi-

ble)

Number of voting rights;•

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC)

Indirect

(Art 10 of Directive 2004/109/EC)

Direct

(Art 9 of Directive 2004/109/EC)

Indirect

(Art 10 of Directive 2004/ 109/EC)

PTBCPOAM0015

77,796,956

K).515 %

SUBTOTAL A

77,796,956

K).515 %

B 1: Financial Instruments according to Art. 13(1}(a) of Directive 2004/109/EC

Type of financial instrument

Expiration date

Exercise/ Conversion Periodi

Number of voting rights that may be acquired if the instrument is exer- cised/ converted.

% of voting rights

!Shares on Loan (right to

lrPr II

N/A

IAt any time

1306,199,107

2 .026%

SUBTOTAL B.1

306,199,107

2.026%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive

2004/109/EC

Type of financial instrument

Expiration date

Exercise/

Conversion Period'i

Physical or cash settlement'"

Number of voting rights

% of voting rights

SUBTOTAL B.2

... .

.

  • esma

.. .. *

8. Information in relation to the person subject to the notification obligation (please tick the applica- ble box):

[X] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.X1

'

[ ] fu.ll.chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entity•1 :

% of voting rights if it equals or is higher

% of voting rights through financial in- struments if it equals or is higher than the notifiable threshold

Total of bothif it equals or is higher than the notifiable threshold

Name..

than the notifiable threshold

9. In case of proxy voting: [ name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional informationxv1:

w

Done at [Oslo, Norway] on [12/09/2017].

Banco Comercial Português SA published this content on 15 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 September 2017 17:33:05 UTC.

Original documenthttp://ind.millenniumbcp.pt/en/Institucional/imprensa/Documents/2017/20170915_Norges_EN.pdf

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