Espirito Santo Financial Group S.A.
(Financial Enterprises)

Commercial Bank

Portugal

• Espírito Santo Bank S.A.
• Espírito Santo Bank dos Açores S.A.
• BEST - Banco Electrónio de Servicio Total S.A.

Angola

• Angola Espírito Santo Bank S.A.R.L.

Green Cape

• Espírito Santo Bank S.A.

Spain

• Espírito Santo Bank S.A.

USA

• Espírito Santo Bank S.A.

France

• Banque Espirito Santo de la Venétie S.A.

Macau

• The Oriental Espírito Santo Bank S.A. S.A.

Panama

• E.S. Bank (Panamá) S.A.

Insurance

Portugal

• BES Insurance S.A.
• BES Life S.A.
• Compañía de Seguros Tranqüilidade S.A.
• Europ Assistance – Portuguese Insurance and Assistance Company S.A.
• T - Vida S.A.

Investment Bank

Portugal

• Espirito Santo Investment Bank S.A.

Brazil

• BES Brazil Investment S.A.
• BES Brazil Securities S.A. CCVM

Spain

• Espírito Santo Investment S.A.U.S.V.

United Kingdom

• Espirito Santo Investment Bank S.A.

Assets Management

Portugal

• ESAF - Espírito Santo Financial Assets SGPS S.A.

Switzerland

• Banque Privée Espírito Santo S.A.

Spain

• Espírito Santo Gestión

Brazil

• - BES Financial Assets Ltda.

Health and Spa's

Portugal

• Espírito Santo Salud SGPS, S.A.
• Clíria - Hospital privado de Aveiro
• Cluib de Reposo Casa dos Leoes
• Hospital da Arrábida
• Hospital da Luz
• Hospital Residencial do Mar