NOTICE N.º 0782/08
We hereby inform that, on 24th July, 2008, the following issues of registered ordinary bonds, with a nominal value of 1.000,00 EUR, shall be registered, of Banco Espírito Santo, S.A.:
| Code | Name | Quantity |
| BEMFOM | BES/2008 - EUR 100 M. - Zero Coupon Notes due July 2033 | 100.000 |
| BEMGOM | BES/2008 - EUR 100 M. - Zero Coupon Notes due July 2034 | 100.000 |
| BEMHOM | BES/2008 - EUR 100 M. - Zero Coupon Notes due July 2035 | 100.000 |
| BEMIOM | BES/2008 - EUR 100 M. - Zero Coupon Notes due July 2036 | 100.000 |
| BEMJOM | BES/2008 - EUR 100 M. - Zero Coupon Notes due July 2037 | 100.000 |
| BEMKOM | BES/2008 - EUR 100 M. - Zero Coupon Notes due July 2038 | 100.000 |
INTERBOLSA, 23th July, 2008