In accordance with article 248 of the Portuguese Securities Code (Codigo dos Valores Mobiliarios), Banco Comercial Portugues (BCP) announced that a joint meeting of the Board of Directors has approved the merger by incorporation of BCP Factoring, S.A. into Banco Comercial Portugues, S.A..
The Project of Merger and the documentation referred to in article 101 of the Companies Code (Codigo das Sociedades Comerciais) shall be available for consultation by the shareholders and creditors of both companies at their registered offices, as from 17 October 2002.
The creditors of the aforementioned companies, with credits outstanding before the day of publication of the announcement related to the project of merger register in the Official Bulletin (Diario da Republica), have the right, within 30 days after the publication, to legally oppose the merger if they consider that it may affect their rights.
