PLACEMENTS WITH OTHER BANKS Continued

PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 29 -

7. SECURITIES

a. By Purpose: 2002 2001 Held-to-maturity 1,829,137 1,664,973 Trading 420,392 518,609 Available-for-sale 998,814 492,504 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120 b. By Type and Currency: 2002 2001 Rupiah: Mandatory convertible bonds 1,018,809 1,018,809 Bonds 562,238 360,057 Wadiah Certificates of Bank Indonesia 269,000 196,250 Investments in mutual fund units 54,074 43,687 Syariah Mudharabah bonds 30,000 - Medium-term notes 19,000 12,876 Certificates of Bank Indonesia - 370,132 Others 2,181 19,994 1,955,302 2,021,805 Foreign currency: Floating rate notes 543,832 293,645 Money market securities 347,225 159,367 Bonds 252,093 161,067 Credit-linked notes receivable 39,498 10,252 Others 110,393 29,950 1,293,041 654,281 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120 c. By Collectibility: 2002 2001 Current 2,184,080 1,625,430 Loss 1,064,263 1,050,656 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120 PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 30 -

7. SECURITIES Continued

d. By Issuer: December 31, 2002 Issuer Type Maturity Interest Date Rate Rating Value Per Annum Rupiah: Held-to-Maturity PT Garuda Indonesia Mandatory convertible bonds 110206 4.00 1,018,809 Bank Indonesia Wadiah Certificates of BI various 0.00 - 11.00 269,000 Reksadana Indovest Dana Obligasi Mutual fund undated 50,061 Others Various various various 24,313 1,362,183 Trading Republic of Indonesia Treasury bonds 121510 14.50 249,875 Bank NISP Medium-term notes 103105 16.50 idBB+ 19,000 Others Various various various 2,181 271,056 Available-for-Sale Perusahaan Listrik Negara Bonds 080807 14.35 idBB- 147,375 Republic of Indonesia Treasury bonds 121510 14.50 80,960 Bank DKI Bonds 061804 15.00 idBBB- 35,434 PT Indosat Syariah Mudharabah bonds 110507 idAA+ 30,000 PT Telkom Bonds 071607 17.00 idAAA 16,294 PT Jasa Marga Bonds 120410 16.15 idA+ 12,000 Others Various various - 322,063 Total Rupiah 1,955,302