Cancellation of the registry of ESFFOE

NOTICE N.º 0704/06

We hereby inform that, on 31^th July, 2006, the issue of ordinary bonds "Espírito Santo Financial (Portugal) /2003 - Taxa Variável - 2006", registered in the Securities Central under the code ESFFOE, shall be cancelled, due to its total redemption taking place on that date.

INTERBOLSA, 19^th July, 2006