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Registry of BENCOM

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10/1621

NOTICE N.º 1621/10

We hereby inform that, on 15th December, 2010, 42.077 registered bonds, with a nominal value of 1.000,00 EUR, of Banco Espírito Santo, S.A. shall be registered, regarding the loan "BES/2010 - Undated Deeply Subordinated Notes - Sér. 22 - Tr. 2", under the code BENCOM.

INTERBOLSA, 14th December, 2010