BANCO BPI, S.A.

Public Company
Registered Office: Rua Tenente Valadim, 284, Porto
Fully paid-up and subscribed share capital: € 1 190 000 000
Registered at the Commercial Registry Office of Porto under unique taxpayer reference number 501 214 534

PRESS RELEASE

1. Banco BPI completed today the sale of the entire position it held in government bonds issued by the Republic of Ireland. The nominal amount of the securities now sold amounted, at the end of the 3rd quarter, to 335 million euro.
2. The interest rate risk of the aforementioned securities was covered by derivative instruments. With the sale of the securities, the closing of this coverage position was simultaneously carried out.
3. The joint impact on earnings and capital from the sale of the securities and the closing of the respective interest rate risk coverage position is negligible.

Porto, 23 December 2013

Banco BPI, S.A.

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