Conversion into definite securities of BES8AM and to BES AM

Date

01/06/2006

Notice Number

06/0527

NOTICE N.º 0527/06

We hereby inform that the shares representing the increase of the share capital from 1.500.000.000,00 to 2.500.000.000,00 EUR of Banco Espírito Santo, S.A., registered under the codes BES8AM--R and BES9AM-R-, took the code BES AM.

INTERBOLSA, 1^st June, 2006