Distribution of Net Income

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5106 33. MANAGEMENT STOCK OPTION PLAN continued 2007 Number of options Weighted average fair value of options full amount Weighted average excercise price of options full amount Value of Options Option outstanding at beginning of the year 368,782,533 521.62 1,383.41 105,330 Option granted during the year Note 41 - - - 87,034 Option exercised during the year 181,547,707 468.44 1,318.48 85,044 Options that can be exercised at the end of the year 187,234,826 573.18 1,500.62 107,320

34. INTEREST INCOME

Interest income was derived from the following: 2009 2008 2007 Loans 21,063,743 15,958,332 12,629,787 Government Bonds 7,437,326 7,798,646 7,418,237 Marketable securities 2,198,833 1,624,862 1,759,699 Fees and commissions 958,705 839,750 695,800 Placements with Bank Indonesia and other banks 474,577 662,042 755,716 Consumer financing income 255,617 - - Others 210,163 452,605 669,310 32,598,964 27,336,237 23,928,549 Included in interest income from loans and others is income based on sharia principle for the years ended 31 December 2009, 2008 and 2007 amounting to Rp1,770,270, Rp1,555,619 and Rp1,051,145, respectively, with these following details: 2009 2008 2007 Murabahah income 940,223 824,275 553,286 Musyarakah income 336,320 260,521 200,090 Others 493,727 470,823 297,769 1,7 70,270 1,555,619 1,051,145

35. INTEREST EXPENSE

Interest expense was incurred on the following: 2009 2008 2007 Time deposits 9,861,521 7,021,740 6,466,082 Savings deposits 2,538,889 2,578,878 2,310,034 Demand deposits 1,852,012 1,385,656 1,251,732 Insurance premiums on third party funds guarantee program Note 59 580,972 484,980 430,478 Fund borrowings 457,632 569,958 332,657 Marketable securities issued 60,563 178,442 269,636 Subordinated loans 48,752 70,012 162,473 Others 274,872 81,751 207,580 15,675,213 12,371,417 11,430,672 Included in interest expense from time and savings deposits is expense based on sharia principle for the years ended 31 December 2009, 2008 and 2007 amounting to Rp897,436, Rp745,667 and Rp307,424, respectively.