Banco Comercial Português, S.A. today informs that it has decided to exercise its option to early redeem
all of its EUR450,000,000 Subordinated Fixed Rate Reset Notes due 27 March 2030 (ISIN:
PTBIT3OM0098), issued on 27 September 2019 under the EUR25,000,000,000 Euro Note
Programme (the “Notes”), in accordance with condition 6(d) of the terms and conditions of the
Notes and the final terms of the Notes. The early redemption of the Notes shall take place on the
optional redemption date set out in the final terms of the Notes, 27 March 2025, at their outstanding
principal amount together with accrued interest.