Public offering of shares of the Company

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 14

1. GENERAL continued d. Subsidiaries continued

i Direct subsidiaries: continued Percentage of Nature of business effective Total assets date of incorporation Date of ownership interest before elimination Subsidiaryplace of or acquisition by commercial incorporation the Company operation 2007 2008 2007 2008 PT Multimedia Nusantara Multimedia 1998 100 100 114,373 757,659 “Metra”, Jakarta, telecommunication Indonesia servicesMay 9, 2003 PT Graha Sarana Duta Leasing of offices 1982 99.99 99.99 137,888 166,920 “GSD”, Jakarta, and providing building Indonesia management and maintenance services, civil consultant and developerApril 25, 2001 PT Dayamitra Telecommunication 1995 100 100 450,442 409,373 Telekomunikasi May 17, 2001 “Dayamitra”, Jakarta, Indonesia PT Indonusa Telemedia Pay television and 1997 96.75 100 77,458 115,593 “Indonusa”, content services including Jakarta, Indonesia May 7, 1997 through 1.25 ownership by Metra PT Telekomunikasi Selular Telecomunication - 1995 65 65 44,205,863 50,600,043 “Telkomsel”, provides Jakarta, Indonesia telecommunication facilities and mobile cellular services using Mobile Global System for Communication “GSM” technology May 26, 1995 PT Napsindo Primatel Telecommunication - 1999; ceased 60 60 3,862 4,910 Internasional provides Network operation on “Napsindo”, Access Point NAP, January 13, Jakarta, Indonesia Voice Over Data 2006 VOD and other related services December 29, 1998 PT Infomedia Nusantara Data and information 1984 51 51 442,056 516,956 “Infomedia”, service - provides Jakarta, Indonesia telecommunication information services and other information services in the form of print and electronic media, and call center services September 22,1999 PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 15

1. GENERAL continued d. Subsidiaries continued

ii Indirect subsidiaries: Percentage of Nature of business effective Total assets date of incorporation Date of ownership interest before elimination Subsidiaryplace of or acquisition by commercial incorporation subsidiary operation 2007 2008 2007 2008 Aria West International Established to engaged 1996; ceased 100 through 100 through 1,750 1,849 Finance B.V. in rendering services operation on 100 100 “AWI BV” in the field of trade July 31, 2003 ownership by ownership by The Netherlands and finance services TII TII June 3, 1996 Telekomunikasi Selular Finance - establish 2002 65 through 65 through 7 29 Finance Limited to raise funds 100 100 “TSFL”, Mauritius for the development of ownership by ownership by Telkomsel ’s business Telkomsel Telkomsel through the issuance of debenture stock, bonds, mortgages or any other securities April 22, 2002 PT Balebat Dedikasi Prima PrintingOctober 1, 2003 2000 33.15 33.15 53,165 77,142 “Balebat”, Bogor, through 65 through 65 Indonesia ownership by ownership by Infomedia Infomedia Telkomsel Finance B.V., Finance - establish 2005 65 through 65 through 8,399 8,669 “TFBV”, Amsterdam in 2005 for the 100 100 The Netherlands purpose of borrowing, ownership by ownership by lending and Telkomsel Telkomsel raising funds including issuance of bonds, promissory notes or debts February 7, 2005 PT Finnet Indonesia Banking data and 2006 60 60 25,281 23,494 “Finnet”, Jakarta, communication through through Indonesia October 31, 2005 60 60 ownership ownership by Metra by Metra PT Telkom Indonesia Finance 2008 - 100 through - - International Pte. Ltd. December 6, 2007 100 Singapura ownership by TII PT Sigma Cipta Caraka Information technology 1988 - 80 - 286,298 “Sigma”, Tangerang, service - implementation through Indonesia and integration system 80 service, outsourcing and ownership software lisense by Metra maintenanceMay 1, 1987 a TII On March 6, 2007, based on notarial deed No. 3 of Titien Suwartini, S.H., and as approved by the MoJHR in its Decision Letter No. W8-00573.HT.01.04-TH.2007 and the Capital Investment Coordinating Board in its Decision Letter No. 20IIIPMDN2007 dated March 1, 2007, PT Aria West International has changed its name to PT Telekomunikasi Indonesia International and its business operation has been expanded to include international businesses.