PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 34

6. SECURITIES continued

b. By Type, Currency and Collectibility: 2005 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Certificates of Bank Indonesia 3,618,984 - - 3,618,984 - - 3,618,984 Bonds 381,187 - 16,387 364,800 - - 364,800 Medium Term Notes 113,573 - 327 113,900 - - 113,900 Investments in mutual fund units 18,800 - 1,915 16,885 - - 16,885 Shares 16,610 - 475 16,135 - - 16,135 4,149,154 - 18,450 4,130,704 - - 4,130,704 Available for sale Certificates of Bank Indonesia 1,485,271 - - 1,485,271 - - 1,485,271 Wadiah certificates of Bank Indonesia 1,373,000 - - 1,373,000 - - 1,373,000 Bonds 931,574 - 99,806 821,768 - 10,000 831,768 Syariah Mudharabah bonds 365,425 - - 365,425 - - 365,425 Medium Term Notes 90,000 - - 90,000 - - 90,000 Investments in mutual fund units 1,000 - - 1,000 - - 1,000 4,246,270 - 99,806 4,136,464 - 10,000 4,146,464 Held to maturity Mandatory convertible bonds 1,018,809 - - - - 1,018,809 1,018,809 Bonds 38,000 - - 38,000 - - 38,000 Export bills 26,399 - - 26,399 - - 26,399 Investments in mutual fund units 10,000 - - 10,000 - - 10,000 1,093,208 - - 74,399 - 1,018,809 1,093,208 Total Rupiah 9,488,632 - 118,256 8,341,567 - 1,028,809 9,370,376 Foreign currency: Trading Bonds 39,615 - 93 39,522 - - 39,522 Investments in mutual fund units 12,661 - 1,141 11,520 - - 11,520 52,276 - 1,234 51,042 - - 51,042 Available for sale Export bills 181,213 - - 181,213 - - 181,213 Floating rate notes 157,280 - 159 157,439 - - 157,439 Bonds 88,685 - 556 88,129 - - 88,129 Promissory Notes 58,920 - 3,441 62,361 - - 62,361 486,098 - 3,044 489,142 - - 489,142 Held to maturity Export bills 1,185,289 - - 919,080 205,272 60,937 1,185,289 Bonds 378,558 2,017 - 380,575 - - 380,575 Treasury Bills 129,069 10,979 - 118,090 - - 118,090 Floating rate notes 68,810 20 - 68,790 - - 68,790 Medium Term Notes 50,000 - - 50,000 - - 50,000 1,811,726 8,982 - 1,536,535 205,272 60,937 1,802,744 Total foreign currency 2,350,100 8,982 1,810 2,076,719 205,272 60,937 2,342,928 Total 11,838,732 8,982 116,446 10,418,286 205,272 1,089,746 11,713,304 Less: Allowance for possible losses 88,498 30,791 1,089,746 1,209,035 10,329,788 174,481 - 10,504,269 Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 35

6. SECURITIES continued

b. By Type, Currency and Collectibility continued: 2004 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Bonds 118,977 - 948 118,937 - 988 119,925 Medium Term Notes 81,000 - 105 80,895 - - 80,895 Others 47,955 - 806 48,761 - - 48,761 247,932 - 1,649 248,593 - 988 249,581 Available for sale Bonds 1,127,586 - 32,112 1,110,698 - 49,000 1,159,698 Syariah Mudharabah bonds 411,454 - 4,193 415,647 - - 415,647 Investment in mutual fund units 223,064 - 32,467 255,531 - - 255,531 1,762,104 - 68,772 1,781,876 - 49,000 1,830,876 Held to maturity Certificates of Bank Indonesia 7,655,636 23,757 - 7,631,879 - - 7,631,879 Mandatory convertible bonds 1,018,809 - - - - 1,018,809 1,018,809 Wadiah certificates of Bank Indonesia 325,000 - - 325,000 - - 325,000 Investment in mutual fund units 42,000 - - 42,000 - - 42,000 Bonds 38,000 - - 2,000 - 36,000 38,000 Export bills 32,581 - - 32,581 - - 32,581 Medium Term Notes 5,000 - - 5,000 - - 5,000 9,117,026 23,757 - 8,038,460 - 1,054,809 9,093,269 Total Rupiah 11,127,062 23,757 70,421 10,068,929 - 1,104,797 11,173,726 Foreign currency: Trading Bonds 181,276 - 1,257 180,019 - - 180,019 Available for sale Export bills 301,309 - - 301,309 - - 301,309 Bonds 259,799 - 8,198 267,997 - - 267,997 Promissory Notes 75,425 - 1,949 77,374 - - 77,374 636,533 - 10,147 646,680 - - 646,680 Held to maturity Export bills 1,158,900 - - 1,158,064 - 836 1,158,900 Bonds 276,248 298 - 275,950 - - 275,950 Floating rate notes 161,050 77 - 155,381 - 5,592 160,973 Credit linked notes receivable 40,371 2,007 - 38,364 - - 38,364 Others 14,618 - - 9,738 - 4,880 14,618 1,651,187 2,382 - 1,637,497 - 11,308 1,648,805 Total foreign currency 2,468,996 2,382 8,890 2,464,196 - 11,308 2,475,504 Total 13,596,058 26,139 79,311 12,533,125 - 1,116,105 13,649,230 Less: Allowance for possible losses 28,396 - 1,116,105 1,144,501 12,504,729 - - 12,504,729 Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value.