Extract from the decision on reorganisation measures applied at the Banco Privado Português, S.A. under Article 3 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions (Directive 2001/24/EC)

2009/C 192/04

Publication provided for in Article 6 of that Directive and in Article 18 of Decree-Law No 199/2006 of 25 October 2006

The Bank of Portugal, the administrative authority competent for the purposes of the reorganisation of credit institutions within the meaning of the sixth indent of Article 2 of Directive 2001/24/EC, considering that the Banco Privado Português, S.A. was ordered to review and redraft the reorganisation plan it had previously put forward and that the bank must be given additional time to do so, decided on 26 May 2009, in accordance with Article 3 of that Directive and Article 145(1)(b) and (3) of the General Rules on Credit Institutions and Finance Companies (Regime Geral das Instituições de Crédito e Sociedades Financeiras), approved by Decree-Law No 298/92 of 31 December 1992 (and amended by subsequent acts), to extend until 1 September 2009 the exemption from immediately honouring obligations previously contracted by the Banco Privado Português, S.A. The exemption must be used to the extent necessary to restructure and reorganise the bank, without prejudice to the expenditure essential for day-to-day administration.

An appeal may be lodged against the above decision by initiating administrative proceedings against it within 90 days of notification or publication of this notice before the Lisbon Administrative Court, Rua Filipe Folque, n.o 12-A, 1.o, Lisbon, PORTUGAL.