RNS Number:6778H
Espirito Santo Financial Group S.A.
19 February 2003


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:            19th February 2003

Application has been made to the UK Listing Authority for the following securities to be admitted to the Official List.

DETAILS OF ISSUE:            Euro110,000,000 3.47 per cent. Convert Bonds due 2007 convertible into Ordinary Shares or ADSs
                             of Espirito Santo Financial Group S.A.

ISSUER                       Espirito Santo Financial Group S.A.

GUARANTOR::                  N/A

INCORPORATED IN:              Luxembourg (registered number B-22.232)

PAYING AND CONVERSION AGENT:  JPMorgan Chase Bank

Particulars relating to the issue may be obtained during usual business hours for fourteen days from the date of this
formal notice from:

Espirito Santo Financial Group S.A.                          JPMorgan Chase Bank
33 Queen Street                                              Trinity Tower
London EC4 1ES                                               9 Thomas More Street
                                                             London E1W 1YT
In addition, a copy of the Particulars is available for inspection at the Document Viewing Facility at the Financial
Services Authority,
25 The North Colonnade, London E14 5HS.


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