Subsidiaries and Associates continued PT Bank Sinar Harapan Bali continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 510 1. GENERAL continued

h. Structure and Management continued

2009 2008 Directors President Director : Agus Martowardojo Agus Martowardojo Deputy President Director : I Wayan Agus Mertayasa I Wayan Agus Mertayasa Commercial Banking Director : Zulkifli Zaini Zulkifli Zaini Technology Operations Director : Sasmita Sasmita Special Asset Management Director : Abdul Rachman Abdul Rachman Risk Management Director : Sentot A. Sentausa Sentot A. Sentausa Corporate Secretary, Legal Customer Care Director : Bambang Setiawan Bambang Setiawan Corporate Banking Director : Riswinandi Riswinandi Treasury International Banking Director : Thomas Arifin Thomas Arifin Micro Retail Banking Director : Budi Gunadi Sadikin Budi Gunadi Sadikin Compliance Human Capital Director : Ogi Prastomiyono Ogi Prastomiyono Effectively resigned on 20 May 2010. The release and discharge acquit et de charge of his role as a President Director from 1 January 2010 up to 20 May 2010 will be decided in the Annual General Shareholders’ Meeting which will be held in 2011. Until the closing of Annual General Shareholders’ Meeting on 17 May 2010. As at 31 December 2010, 2009 and 2008, the members of Bank Mandiri’s Audit Committees are as follows: 2010 2009 2008 Chairman, concurrently as member : Gunarni Soeworo Gunarni Soeworo Gunarni Soeworo Member : Mahmuddin Yasin Soedarjono Soedarjono Member : Krisna Wijaya Zulkifli Djaelani Zulkifli Djaelani Member : Zulkifli Djaelani Imam Soekarno Imam Soekarno Member : Imam Soekarno - - Since closing of Extra-Ordinary General Shareholders’ Meeting on 5 July 2010 and becames effective as member of Audit Committee, related to appointment as Independent Commissioner as per Bank Indonesia’s approval on 25 October 2010. Until the closing of Annual General Shareholders’ Meeting on 17 May 2010. As at 31 December 2010, 2009 and 2008, the members of Bank Mandiri’s Remuneration and Nomination Committees are as follows: 2010 2009 2008 Chairman, concurrently as member : Edwin Gerungan Edwin Gerungan Edwin Gerungan Member : Muchayat Muchayat Muchayat Member : Gunarni Soeworo Soedarjono Soedarjono Member : Mahmuddin Yasin Pradjoto Pradjoto Member : Pradjoto Gunarni Soeworo Gunarni Soeworo Member : Cahyana Ahmadjayadi Mahmuddin Yasin Mahmuddin Yasin Member : Krisna Wijaya - - Secretary ex-officio : Ridzki Juniadi Kresno Sediarsi Kresno Sediarsi Since closing of Annual General Shareholders’ Meeting on 17 May 2010 and becames effective as member of Remuneration and Nomination Committee, related to appointment as Commissioner as per Bank Indonesia’s approval on 25 October 2010. Since closing of Extra-Ordinary General Shareholders’ Meeting on 5 July 2010 and becames effective member of Remuneration and Nomination Committee, related to appointment as Independent Commissioner as per Bank Indonesia’s approval on 25 October 2010. Until the closing of Annual General Shareholders’ Meeting on 17 May 2010. Since the closing of Annual General Shareholder’s Meeting on 29 Mei 2008 On 26 May 2010, the Board of Commissioners decided to merge the Risk Monitoring and Good Corporate Governance Committee to become Risk Monitoring and Good Corporate Governance Committee. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 511 1. GENERAL continued

h. Structure and Management continued

As at 31 December 2010, the members of Bank Mandiri’s Risk Monitoring and Good Corporate Governance Committees are as follows: Chairman concurrently as member : Pradjoto Member : Edwin Gerungan Member : Muchayat Member : Cahyana Ahmadjayadi Member : Krisna Wijaya Member : Tama Widjaja Secretary ex-officio : Lisana Irianiwati Since closing of Annual General Shareholders’ Meeting on 17 May 2010 and becames effective as member of Risk Monitoring and Good Corporate Governance Committee, related to appointment as Commissioner as per Bank Indonesia’s approval on 25 October 2010. Since closing of Extra-Ordinary General Shareholders’ Meeting on 5 July 2010 and becames effective as member of Risk Monitoring and Good Corporate Governance Committee, related to appointment as Independent Commissioner as per Bank Indonesia’s approval on 25 October 2010. As at 31 December 2009 and 2008, the members of Bank Mandiri’s Risk Monitoring Committees were as follows: 2009 2008 Chairman concurrenly as member: Soedarjono Soedarjono Member : Edwin Gerungan Edwin Gerungan Member : Gunarni Soeworo Gunarni Soeworo Member : Tama Widjaja Tama Widjaja Secretary ex-officio : Pardi Sudradjat Pardi Sudradjat Until the closing of Annual General Shareholders’ Meeting on 17 May 2010. As at 31 December 2009 and 2008, the members of Bank Mandiri’s Good Corporate Governance Committees comprised of the following: 2009 2008 Chairman concurrenly as member: Muchayat Muchayat Member : Gunarni Soeworo Gunarni Soeworo Member : Mahmuddin Yasin Mahmuddin Yasin Member : - Anwar Isham Secretary ex-officio : Mustaslimah Mustaslimah Since closing of Annual General Shareholders’ Meeting on 29 May 2008. Effectively resigned on 01 January 2009. As at 31 December 2010, 2009 and 2008 Bank Mandiri has a total of 25,236 employees, 22,909 employees and 22,408 employees unaudited, respectively.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Directors are responsible for the preparation of the consolidated financial statements of the Bank and Subsidiaries “Group” which have been completed on 30 March 2011. The principal accounting policies adopted in preparing the consolidated financial statements of the Bank and Subsidiaries are set out below:

a. Basis of Preparation of the Consolidated Financial Statements

The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in Indonesia: Statements of Financial Accounting Standards “SFAS” Regulations of Bank Indonesia, Regulation of Capital Market Supervisory Board and Financial Institution Bapepam-LK No VIII.G.7 regarding “Financial Statements Presentation Guidelines” included in the Appendix of the Decree of the Chairman of the Bapepam-LK No. KEP-06PM2000 dated 13 March 2000 and Circular Letter No. SE-02BL2008 dated 31 January 2008 regarding “the Guidelines on Financial Statement Presentations and Disclosures for issuers or Public Companies in General Mining, Oil and Gas and Banking Industry”.