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CONFERENCE - LONDON 1- ANGOLAN ECONOMY

key highlights economic framework banking sector

NOVEMBER 2010

2 - BANCO BIC
A

ANGOL

3 - BANCO BIC PORTUGUÊS
GAL

PORTU

WWW.BANCOBIC.AO CONFIDENTIAL Supervised by BDP and CMVM WWW.BANCOBIC.PT

Presented by Mr. LUIS MIRA AMARAL CEO of Banco BIC Português, SA
Authorized and

ANGOLAN ECONOMY

key highlights

NOVEMBER 2010

- ANGOLA IS PART OF THE GROUP OF ECONOMIES WITH GREATER ECONOMIC GROWTH AT A WORLD LEVEL. While not being immune to the international crisis and being extremely dependent on the oil sector, Angola's economic growth for 2009 was contingent, although it did show a new impulse in the non-oil sector, especially in agriculture, construction and trade, which shows the economic diversification efforts that have been undertaken.

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Real GDP Af rica SADC Angola Sout h Af rica

2007 5,8% 7,4% 23,3% 4,8%

2008 5,2% 6,0% 15,6% 3,1%

2009 2,8% 3,7% 0,2% 1,8%
Source IMF

- According to the World Bank, Summer 2010 Report, ANGOLA’S REAL GDP WILL BE CLOSE TO 6.9% IN 2010, INCREASING TO 7.7% IN 2011, AND STABILIZING AROUND 7% IN 2012. So its not foreseen that Angola will return to double digit growth in the near future. - Growth in the Sub-Saharan Africa region is projected to rebound to 4.5% this year and strengthen further to 5.1% and 5.4% in 2011 and 2012. - ANGOLA BECAME THE SECOND BIGGEST SUPPLIER OF OIL TO CHINA IN 2009, assuring approximately 15% of the country's imports.

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CONFIDENTIAL

WWW.BANCOBIC.AO

. COMPARED TO ROUGHLY 4.2% 59.9% 0.2% 5.8% 58.8% 13.9% 0.7% 6. livestock and fisheries Non-market services 11.1% 8.1% 8.1% 1.DEVELOPMENT OF THE AGRICULTURAL SECTOR.1% Agriculture.4% 15. underwent SECTOR DIVERSIFICATION.9% 0.7% Construction Manufacturing industry Electricity 22.8% 57. Growth is essentially a result of the national reconstruction effort.1% 40.7% CONFIDENTIAL WWW.4% IN 9 2008.7% 4.9% 7.5% 58.7% 41.8% 5. Gross Domestic Product (%) Agricult ure.ANGOLAN ECONOMY economic framework NOVEMBER 2010 .3% 1.7% 8. 0 0 .0% 22. There is an understanding that this will be the fastest way to respond to the basic needs of the population.1% Composition of GDP (%) 2009 Import duties Mining industry Market services 41.2% 6.1% 1.1% 4. ACCOUNTED FOR 8% OF GDP IN 2009.0% 8. thus fulfilling one of the governments objectives.0% 7.THE CONSTRUCTION SECTOR.1% 0.The Angolan economy. which includes roads and real estate investments. livest ock and f isheries Mining indust ry Crude oil and gas Ot her Manuf act uring indust ry Elect ricit y Const ruct ion Market services Non-market services Import dut ies 2007 9. while reducing 2 the unemployment rate and the deficit in the food trade balance.6% 0. IN A COUNTRY WHERE APPROXIMATELY 55% OF THE POPULATION WORKS IN THIS SECTOR.1% 2008 8.1% 0.4% 0. HAS BEEN ONE OF THE GOVERNMENTS PRIORITIES.AO .BANCOBIC.4% 0.1% 2009 11.

90% CONFIDENTIAL WWW.1% 8.8% 2.ANGOLAN ECONOMY economic framework IMF SEPTEMBER 2010 – Base Scenario NOVEMBER 2010 20 10E 20 11P Real GDP Oil Non-Oil Oil Product ion (mbpd) Oil Price (USDpb) Public Defict in % Real GDP 5.9% 5.02 75 3.AO .5% 6.9 72 3.0% 6.6% 1.10% 7.BANCOBIC.

increasing 9% when compared with 2008 data 2005 2006 2007 2008 2009 2010 0 Customer Deposits (in millions of USD) Credit to the Economy (in millions of USD) 11687 14848 10107 12726 7388 16066 7173 14426 4456 4755 2008 LC FC 2009 2007 2008 LC 11777 Total Increase of 15% from 2008 to 2009 12524 2007 2009 FC Source: BNA Source: BNA Total Increase of 5% from 2008 to 2009 CONFIDENTIAL WWW.ANGOLAN ECONOMY Number of Banks in Angola 25 20 banking sector NOVEMBER 2010 15 10 5 Credit to the Economy / Customer Deposits stands at 86% in 2009.BANCOBIC.AO .

AO . The DEDICATION AND VALUE OF OUR EMPLOYEES is to be lauded. the 119 BRANCHES IN ANGOLA and its 1168 EMPLOYEES. where it stands out in the LEADERSHIP OF FOREIGN EXCHANGE OPERATIONS with a share equivalent to 20% and with MARKET SHARES OF 12% AND 10% IN TOTAL CUSTOMER FUNDS AND LOANS TO THE ECONOMY RESPECTIVELY.BANCO BIC Chairman’s Message on Annual Report 2009 ANGOLA NOVEMBER 2010 Mr. a SOLVENCY RATIO OF 23% demonstrating our strength. Among the main activity indicators which essentially translate into the consolidation of Banco BICs results and wider territorial coverage. 2009 Audited by WHICH IS GROWING DAY BY DAY.BANCOBIC. of note is a NET INCOME FOR THE YEAR OF USD 149 MILLION. equivalent to a growth of 6% compared with 2008. Fernando Teles Chairman of the Board of Directors “The bank is currently ONE OF THE MAIN PLAYERS IN THE ANGOLAN BANKING SECTOR. as is the TRUST OF OUR SHAREHOLDERS and of all of the other partners THAT MAKE THE ROOT OF OUR BAOBAB TREE. equivalent to a growth of 57%.” CONFIDENTIAL WWW. a NET WORTH OF USD 460 MILLION.

5 4 % BAI 2 4 .816.2 4 % 0 .9 3 5 5 2 .4 9 % BIC 1 1 .2 2 % Market Share Dez/09 .AO Source: BNA .47% 2 .1 8 6 4 8 .7 0 7 3 .0 2 % BTA BCI 1 .1 3 6 .1 8 % 5 .8 7 % QUAN FINI BANC BRK BDA VTB 0 .1 0 0 .12.0 0 % 0 .6 7 % 3 .BANCO BIC DEPOSITS BY BANK J ULY 2010 7 .8 8 % N Banco BNI BCA 1 .8 3 9 .1 0 % SOL 3 .1 1 0 .BANCOBIC.2 9 3 .20 Millions USD BESA 9 .1 3 7 .0 1 % 0 .8 5 % BPA 5 .0 3 % 1 .4 7 BANC 7 1 .2 5 BDA BAI BFA BPC BIC BESA BPA SOL BCP BNI BCI BTA BRK BCA Rank 4th CONFIDENTIAL WWW.2 9 8 3 7 .5 3 ANGOLA NOVEMBER 2010 BCP 2 .5 2 N Banco 7 .9 6 5 8 2 .2 5 % 0 .4 9 7 .3 4 VTB 0 .2 1 % 0 .4 0 % 1 .0 9 .9 8 % 0 .6 0 FINI 1 7 .23 BFA 1 7 .7 0 QUAN 6 .0 6 % 2 .1.6 6 BPC 1 7 .3 6 5 .8 0 1 5 9 .8 9 + 454.8 3 2 9 5 .8 4 1 .

4 7 % BIC 9 .5 2 % 0 .BANCO BIC 6 .6 7 3 1 5 .4 3 3 6 7 .0 0 % BANC 1 .5 7 6 1 .4 9 N Banco 9 .6 2 % 1 .0 9 BANC 1 2 .4 0 % 0 .9 5 5 .4 9 4 .06 BESA 2 3 .8 3 % BFA 1 5 .295.1 1 1 .2 0 % SOL BCA BTA BDA 0 .4 0 ANGOLA CREDIT TO THE ECONOMY J ULY 2010 NOVEMBER 2010 4 .7 7 % BCP 2 .9 4 + 1.4 7 8 9 .7 6 % BPA 4 .4 2 % Millions USD 2 .5 1 4 3 7 .6 8 4 8 0 .0 4 % N Banco BNI 1 .BANCOBIC.9 7 7 2 5 .2 3 % 0 .478.6 6 % 1 .94 Market Share Dez/09 .2 7 3 .1 7 5 .3 4 % BAI 1 8 .0 1 4 6 5 .7 7 4 .2 6 QUAN Source: BNA BESA BAI BFA BPC BIC BPA BCP BNI BTA BDA BCI SOL BRK BCA Rank 5th CONFIDENTIAL WWW.0 5 % 2 .5 2 VTB 0 .10.1 5 4 .0 4 6 6 3 .1 5 FINI 3 8 .AO .00 % BPC 1 4 .1 4 % VTB BCI 1 .4 7 8 .8 2 % 1 .0 0 QUAN FINI BRK 0 .3 9 % -1.3 4 % 0 .

4 0 0 1 .1 0 0 1 .AO .5 0 0 1 .475 BFA 14% BCP 9% BPA 7% BSOL 7% BESA 6% 1.BANCO BIC 1 .0 0 0 ANGOLA CURRENCY BOUGHT Cumulat ive unt il SEPTEMBER 2010 BAI 8% NOVEMBER 2010 1.BANCOBIC.3 0 0 1 .200 BPC 6% Millions USD 900 800 700 600 500 400 300 200 100 0 BI C BFA 813 681 640 BIC 17% BQC 0% NVB BMF BCI 0% 0% 2% BRK BCA 2% BANC FNB 3% 3% 2% BTA VTB 4% 3% BNI 6% 596 558 510 487 322 301 233 231 211 200 133 38 16 NVB 1 BQC Source: BNA BCP BAI BPA BSOL BESA BPC BNI BTA VTB BRK FNB BANC BCA BCI BMF Rank 1st CONFIDENTIAL WWW.2 0 0 1 .

660 ATM'S TPA'S 1.BANCOBIC.BANCO BIC ATM'S MATRICULADOS BIC 14% BRK 3% BAI 15% ANGOLA TPA'S MATRICULADOS BIC 17% NOVEMBER 2010 BESA 3% BCA 3% BMA 3% BAI 18% BESA 3% BMA 4% BSOL 8% BFA 23% BPC 19% BTA 2% BCI 6% BPC 12% BCI 4% BFA 38% 2008 data 2.211 717 488 150 250 325 339 2005 2006 2007 2008 CONFIDENTIAL WWW.AO .

THEREFORE THE BRANCH/ CENTRES EXPANSION TO OTHER PROVINCES CONFIDENTIAL WWW.AO .BANCOBIC.BANCO BIC ANGOLA NOVEMBER 2010 106 Branches 7 Corporate Centres 2 Investment Centres 1 Private Banking 12Corporate Branches BANCO BIC BELIEVES THERE IS MORE IN ANGOLA BESIDES THE CAPITAL LUANDA.

Resources f rom client s Turnover per employee Banking product Banking product per employee Overhead costs / Banking product Personnel costs / Banking product Net income for the year Shareholders equity Income bef ore t axes / Average asset s.814 2. net Income bef ore t axes / Average equit y Effective income tax rate Number of branches Number of employees 2010 ANGOLA 2009 4. net Banking product / Average asset s.8 244 0.276 2010 dat a unaudit ed Amount s in millions of dollars Note: 2009 Balance sheet data in 31/ 12/ 2009.048 3.AO .172 NOVEMBER 2010 % Change 6% 2% 6% 1% -6% -11% -18% 21% 26% -15% 14% -31% -12% -47% 33% 9% 9% 4. net Turnover .6 217 0. CONFIDENTIAL WWW.164 3.318 5.585 5.626 4. Loans and of f -balance sheet it ems .21 30% 17% 120 460 4.17 36% 21% 101 524 3. 2009 Income statement data in reference to 30/ 09/ 2009.BANCO BIC Key Performance Indicators Millions USD Total Assets.BANCOBIC.4% 5.5% 52% 19% 113 1.674 2.0% 4. for comparison purposes.9% 27% 25% 123 1.650 4.

376 647 14 9. 13. 7.383 25. 4.6 98 33. 5.532 136.469 54. 8.94 6 30.347 21 6 .531 7 8 . 14.BANCOBIC. 18. 2.723 12 1 . CONFIDENTIAL WWW.601 10.172 Amount s in t housands of dollars.4 26 6.7 52 45.834 13 4 .67 5 21. 6.561 2. 17 .89 7 17 0. 9.4 40 123. Int erest and Similar Income Int erest and Similar Expendit ures Financial Margin (1 -2) Commissions and Ot her Net Income Net Prof it on Financial Operat ions Maint aining Own Funds Banking Product (3+4 +5 -6) Personnel Cost s Third-part y Services and Supplies Depreciat ion Running Costs (8+9+1 0) Generation of Income Cash Flow (7-1 1) Net Provisions Net Ext raordinary Income Income Before Taxes (12 -13 +1 4 ) Income Tax Income for the Financial Year (1 5-1 6 ) Cash f low Af t er Taxes (18+6+10+13) ANGOLA Thousands USD 3 0/ 0 9/ 2 0 10 258.AO .688 76.135 7 2.285 11 9.57 2 40. 12 .57 1 31.258 10 1 . 15 .BANCO BIC INCOME STATEMENT 1. 3.142 15 7.66 0 148.879 30 / 0 9/ 2 00 9 266. 11 . 16. 2010 dat a unaudit ed.531 - NOVEMBER 2010 24 3.713 109.359 5.436 27.379 7.3 26 13 8 . 10.8 09 28.

5 8 5.752 45.208.804 4 .752 45.BANCOBIC.864 245.0 5 8 190.6 89 .023 4.079 123.852 424. Net Income for the Financial Year Tot al Net Worth TOTAL LIABILITIES AND NET WORTH 20 1 0 - 2 00 9 - 224.845. 2010 dat a unaudit ed.896 26. Central Bank Funds 2.845 28.303 101.032 - 333. Ot her Assets 10.0 98 NOVEMBER 2010 BALANCE SHEET ASSETS Thousands USD 1. Ot her Loansand Advances to Credit Instit ut ions 4.909 177.920 1.586 3.6 06 71.798 385 863 80.650 1. Adjust ment Account s TOTAL ASSETS 4% Increase YoY in USD LIABILITIES & NET WORTH 1.446 4. Adjustment Accounts 8.693 662 5.844 3.909 177. Loans to Cust omers 5.306. Retained Earnings 13. Ot her Liabilities 7.BANCO BIC BS in September 20 0 9 and 2 01 0 ANGOLA Depreciation Gross Assets & Provisions 20 1 0 863. Shares 7. Funds 11.250 1.0 5 8 Net Assets Net Assets 2 00 9 881.986.805 47.896 38.258 1 0 4. Bonds and Other Fixed Income Securit ies 6. Liabilit ies represent ed by Securities 6.693 662 235 95.225 273. Cash and Deposits in Central Banks 2.4 37 . Ot her Credit Inst itutions Funds 3. Intangible Fixed Assets 8.162 4.5 4 8 863.918 1. Reserves 12.0 98 27% Increase YoY Amounts in t housands of dollars. Provisions for Sundry Risks Total Liabilit ies 9.208.099.920 1.770 66.310 4 .878 - 1% Decrease YoY in USD 16% increase in KWZ 33.914 115.5 8 5.034.472 1.660 402.4 37 .301 - 30.393 236.440 513.604 4 .341.400 61.225 273.294 31.473 343.915.753 - 131.604 4. Loans and Advances t o Credit Inst itutions on Demand 3. CONFIDENTIAL WWW.690 4.711 119. Tangible Fixed Assets 9.118 52.128 39. Customer Deposit s 4.875 3.071. Funds from Other Entit ies 5.456 7.AO . Capital 10.261 3.

BANCOBIC. one of the most prestigious publications in Europe and forth on a World level CONFIDENTIAL WWW.AO .BANCO BIC ANGOLA NOVEMBER 2010 “THE BEST BANK in ANGOLA” Awarded for excellence 2008 from the Euromoney Magazine.

ao MR.mendes. GRAÇA PEREIRA Board Member graca. PEDRO NUNES MBIDIGANI Board Member pedro.manuel.candido@bancobic.pereira@bancobic.BANCOBIC.nunes.santos.AO CONFIDENTIAL WWW.ao MR.BANCOBIC. FERNANDO DUARTE Board Member fernando.mendes. GRAZIELA ESTEVES Board Member graziela.ao MR. JOSE MANUEL CANDIDO Board Member jose.mbidigane@bancobic.ao FOR OTHER CONTACTS: PLEASE CHECK WWW.pereira@bancobic.rodrigues. JAIME PEREIRA Assessor of the Board of Directors jaime.teles@bancobic. HUGO TELES Board Member hugo.teles@bancobic.duarte@bancobic.esteves@bancobic. FERNANDO TELES Chairman & CEO fernando.BANCO BIC CONTACTS: Executive Committee: ANGOLA NOVEMBER 2010 MR.aleixo.ao MR.ao MR.ao MS.ao MS.AO .

.. while COMPETING WITH MAJOR BANKS WITH STRONG AND PROFITABLE RELATIONSHIP WITH PORTUGUESE BANKS. CONFIDENTIAL Supervised by BDP and CMVM WWW. CREATING A TWIN PORTUGUESE BANK... CALLED BANCO BIC PORTUGUÊS structure) Banco BIC Português launched from scratch its operation in May 2008. Shareholders of Banco BIC DECIDED IN 2008 that it was time to ADD A COMPETITIVE ADVANTAGE to their Business Model that allow them to compete with the same structure as their major competitors in Angola by. ..PT (with the same Shareholder Authorized and ..BANCOBIC.ANGOLA to PORTUGAL PORTUGAL to ANGOLA NOVEMBER 2010 After being established in Angola for 3 SUCCESSFUL YEARS.

A. Counting on the support of Banco BIC. S. We do hope to continue to earn the TRUST OF OUR CUSTOMERS.A. managing a considerable flow of financial transfers. in 2009.A. Contributing to this in the net operating income area. the year ending with POSITIVE RESULTS. so 2009 WAS OUR FIRST FULL YEAR OF BUSINESS. We also want to make more dynamic partnerships between Portuguese and Angolan business people. We started in May 2008. (Angola). and. We set up the CAPITAL MARKET Centre which.BANCOBIC. Banco BIC Português and its twin.BANCO BIC PORTUGUÊS PORTUGAL Chairman’s Message on Annual Report 2009 NOVEMBER 2010 Mr. permitted REGISTRATION IN THE CMVM (securities exchange watchdog). offering our customers financial products with a suitable risk/return ratio.PT Authorized and . Banco BIC. was the financial margin. allowing us to operate as a financial intermediary. Fernando Teles Chairman of the Board of Directors “We are a PORTUGUESE BANK aimed at serving the Portuguese market and cooperating in the development of economic relations between Portugal and Angola. We are counting on a SOLID SHAREHOLDER STRUCTURE and on our HIGHLY QUALIFIED AND 2009 Audited by EXPERIENCED TEAM. due to the Bank's credit activity in the companies area. Thus. due to the Bank's activity as correspondent bank for Angolan banks and the provision of services to Banco BIC. developing our “CORPORATE FINANCE” business. in Angola for this purpose. S. S. This will make our “PRIVATE BANKING” activity more dynamic. strict control of operating costs and prudent credit risk management. in the costs area. CONFIDENTIAL Supervised by BDP and CMVM WWW. and the additional margin. in the current business panorama between Portugal and Angola. We are already the CORRESPONDENT BANK FOR 4 ANGOLAN BANKS. (Angola) find themselves in a privileged position to support the various economic agents.

BANCOBIC. we opened new Branches /Corporate Centres in: BRAGA AVEIRO LEIRIA VISEU. Headquarters in LISBOA and Branch/Corporate Centre in PORTO.BANCO BIC PORTUGUÊS PORTUGAL GEOGRAPHICAL DISTRIBUTION COVERAGE NOVEMBER 2010 In 2009. CONFIDENTIAL Supervised by BDP and CMVM WWW. In 2008.PT Authorized and .

open document ary credit and cust omer f unds. of t he Banco de Port ugal.1% 16.3 Tot al number of agencies Total Staff 31/ 12/ 2009 NOVEMBER 2010 419. Not e 2: Calculat ed according t o Inst ruct ion no. guarant ees st ood.513 15. CONFIDENTIAL Supervised by BDP and CMVM WWW.687 10. 16/2004.5% 204 24.BANCOBIC.104 265.PT Authorized and .184 77. Note 3. Calculated according to Banco de Portugal standards on minimum capital requirements.BANCO BIC PORTUGUÊS PORTUGAL Key Performance Indicators Thousands EUR Total net assets Turnover 1 Banking product Cost to Income Net Income f or t he Year Shareholders Equit y Capital requirements ratio 2.7% 6 72 thousands of euros Not e 1: Credit grant ed.3 Tier I 2.

5% of the net operating income). CONFIDENTIAL Supervised by BDP and CMVM WWW. which included income form services and commissions. Also of note is the non-existence of exposure of shares to risks as a result of a conservative policy followed in the application of customer and credit institution funds. where OVERDUE CREDIT IS ABSOLUTELY MARGINAL (approximately EUR 285 thousand) in the total customer credit portfolio.3 million over the period in question. foreign exchange income and any other operating income and revenue.0 MILLION. calculated under the terms of the regulations in force and issued by the Banco de Portugal. Of note on the other hand are the good quality indicators in the loans granted portfolio. in order to comply with the provisions of the General Scheme for Credit Institutions and Financial Companies.5 MILLION CAPITAL INCREASE IN FEBRUARY 2009.2 MILLION. FINANCING COSTS for 2009 reached approximately EUR 7. provisions were set up for general credit risks in 2009 at an amount of EUR 1. Banco BIC Português recorded a NET PROFIT OF EUR 204 THOUSAND.PT Authorized and . with staff costs corresponding to EUR 3.2 million. Nevertheless.5 million attributable to the financial margin and approximately EUR 5.9 MILLION (77. with EUR 4. Equally important was the EUR 7.5 TO 25.6 million and general administrative expenditure totalling approximately EUR 4.BANCO BIC PORTUGUÊS PORTUGAL In NOVEMBER 2010 2009.BANCOBIC. It was increased FROM EUR 17. with TOTAL ASSETS ON THAT DATE OF APPROXIMATELY EUR 419 MILLION. The NET OPERATING INCOME at the end of 2009 had reached approximately EUR 10.7 million arising from the additional margin. as a result of the significant growth in loans granted and under the terms of Banco de Portugal rules. also permitting comfortable levels of solvency.

831 0 320 12.318 812 7.384 3.782 2. 19.450 -627 640 85 -1.951 2. 4. 10.67x YOY comparison Surpass largely the 10 Million EUR landmark Only 16% YoY increase Net Income above 1.603 8. 3.609 4. CONFIDENTIAL Supervised by BDP and CMVM WWW. 20.656 30/ 09/ 2009 5. 12. 11.400 562 1. 13.281 635 6. Interest and Similar Income Interest and Similar Expenditures Financial Margin (1-2) Commissions and Ot her Net Income Assets assessed at f air value through Profit and Loss Currency remeasurment income Income generat ed from selling Other Assets Other Income Banking Product (3+4+5+6-7+8) Personnel Costs Third-party Services and Supplies Depreciat ion Running Costs (10+11+12) Generation of Income Cash Flow (9-13) Net Provisions Net correct ions due t o Customer credit & ot her debtors Income Before Taxes (14-15-16) Income Tax Income for the Financial Year (17-18) Cash f low After Taxes (19+12+15) NOVEMBER 2010 30/ 09/ 2010 12.120 3.006 1.BANCO BIC PORTUGUÊS PORTUGAL INCOME STATEMENT Thousands EUR 1.606 2.038 29 714 1.824 2. 15.366 -91 2.086 106 2. 17.212 5.7 Million EUR Amount s in t housands of euros. 16.831 1.514 4.PT Authorized and . 7. 18. 14.BANCOBIC. 8. 2.352 14 -1.414 657 1.757 4. 5. 6. 9. 2010 dat a unaudit ed.535 3.

Customer Credit 7.484 1. Cash and Deposit s in Central Banks 2. Financial Assets Held to Maturity 8.969 119.923 25.854 Comercial Paper = 157.540 1. Profit/Loss Carried Forward 9.574 25. Current Tax Asset s 11. Financial Assets at Fair Value through P&L 4. Deposits: Ret ail. Current Tax Liabilities 4.BANCOBIC.899 144 486 1.746 1. CONFIDENTIAL Supervised by BDP and CMVM WWW.810 384.978 1. Tangible Asset s 9.083.272 233. Other Assets TOTAL ASSETS 16. Capital 7.085. Invest ments in Credit Institutions 6.788 25. Ot her Liabilities Total Liabilities 6.65x YoY comparison LIABILITIES & NET WORTH 1.939 49.930 K Euros 2.362 SHEET ASSETS Gross Assets Thousands EUR 1.930 4.858 K Euros Corporate Credit = 170.552 2.423 936 144 486 1.110 963 3.114 6.930 4. Deferred Tax Assets 12.366 22.125 229 328.000 -206 -573 1.920 Over 1 billion EUR in Funding Sources Amount s in t housands of euros.552 1.049.484 2.000 140 -776 -1.998 407.302 1.216 407.789 1.125 329.057. Revaluation Reserves 8.PT Authorized and .939 49.533 1.787 531.920 3. Int angible Asset s 10.540 4.459 1. 2010 dat a unaudit ed.756 25.648 657 2009 381. Cash Resources in Other Credit Institutions 3.BANCO BIC PORTUGUÊS PORTUGAL BALANCE BS in September 2009 and 2010 NOVEMBER 2010 Depreciation & Provisions 2010 Net Assets Net Assets 2009 16.787 531.100 953 14 47 3.643 62. Provisions 3. Private & Institut ional 2.083. Net Income for the Financial Year Tot al Net Worth TOTAL LIABILITIES AND NET WORTH 2010 1.369 93. Deferred Tax Liabilities 5.480 3.969 119.739 4. Financial Assets Available For Sale 5.017 25.

teles@bancobic.pt OTHER CONTACTS: Private Banking Corporate Banking Retail Banking Correspondent Banking MR.pt carlos. MANUEL LOURENÇO CRO manuel. FRANCISCO BRAGADESTO MR.pt francisco.loureco@bancobic. LUIS MIRA AMARAL CEO MR. ABÍLIO FONSECA Head of Private Banking Head of Corporate Banking Head of Retail Banking Head of Operations Head of Capital Markets manuel.pt MR.pt custodio.pt MS.gato@bancobic.pt diogo.viegas@bancobic.BANCO BIC PORTUGUÊS PORTUGAL STP AWARD CONTACTS: MR.pt NOVEMBER 2010 2008 EXCELLENT QUALITY In the delivery of commercial payments and financial transfers Executive Committee: MR.pt CONFIDENTIAL Supervised by BDP and CMVM WWW.vasconcelos@bancobic.BANCOBIC. FERNANDO TELES Chairman fernando. VÂNIA MELEIRO Compliance Officer vania. MARIANA VIEGAS Internal Auditor mariana.barrote@bancobic.meleiro@bancobic.pereira@bancobic.pt MS. CUSTÓDIO VALE DE GATO MR.PT Authorized and .fonseca@bancobic. MANUEL VASCONCELOS MR.pt abilio.bragadesto@bancobic. DIOGO BARROTE Board Member mira.traguelho@bancobic.pt jaime.amaral@bancobic. JAIME PEREIRA CFO MR. CARLOS TRAGUELHO Board Member MR.

INSEAD (2001) Post Graduate Program in “Power System Reliability Evaluation”.amaral@bancobic.pt NOVEMBER 2010 Degree in Electrical Engineering. Instituto Superior Técnico (1969) Master in Economics.BANCO BIC PORTUGUÊS PORTUGAL CURRICULUM VITAE: MR. Manchester University (1978) Portuguese Minister of Labour and Social Security (1985/87). Industry and Energy (1987/95) Member of the Board of “Banco Português de Investimentos.PT Authorized and .Instituto Superior Técnico Member of “Supervisory Board” .“Caixa Geral de Depósitos. SA” (2002-2004) Professor of Management .BANCOBIC. LUIS MIRA AMARAL CEO mira. Universidade Nova de Lisboa (1980) “Stanford Executive Program” ."Graduate School of Business". SA” (BPI Group) (1997-2002) Vice-President and CEO . Stanford University (2000) “Strategic Management in Banking Program”.“Royal Lankhorst -Euronete Group”(Netherlands) Vice-President CIP – Confederaçãp Indústria Portuguesa CONFIDENTIAL Supervised by BDP and CMVM WWW.

SA for information purposes only. WWW. The use is forbidden.LONDON NOVEMBER 2010 DISCLAIMER: The present presentation is confidential and was prepared by Banco BIC.BANCOBIC. being allowed only to the audience of Business in Portuguese Conference (01/11/2010). SA declines full responsibility by the improper use of this presentation.BANCOBIC.PT Authorized and .CONFERENCE . SA and Banco BIC Português. Information provided is based on available data . Banco BIC. SA and Banco BIC Português.AO CONFIDENTIAL Supervised by BDP and CMVM WWW.