SECURITIES continued 2004 12 Full Audited Financial Statements w Notes

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 39

6. SECURITIES continued

b. By Type and Currency and Collectibility: continued April 30, 2003 Unrealized Fair Value Unamortized gains Cost interest losses Current Loss Total Rupiah: Held-to-maturity Certificates of Bank Indonesia 10,765,511 58,791 - 10,706,720 - 10,706,720 Mandatory convertible bonds 1,018,809 - - - 1,018,809 1,018,809 Bonds 60,203 496 - 23,707 36,000 59,707 Investments in mutual fund units 9,467 - - 9,467 - 9,467 Wadiah Certificates of Bank Indonesia 312,500 - - 312,500 - 312,500 Export bills 220,967 - - 75,023 145,944 220,967 Others 1,441 266 - 1,175 - 1,175 12,388,898 59,553 - 11,128,592 1,200,753 12,329,345 Trading Certificates of Bank Indonesia 471,092 - - 471,092 - 471,092 Others 4,238 - - 4,238 - 4,238 475,330 - - 475,330 - 475,330 Available-for-sale Bonds 136,178 - 104 136,282 - 136,282 Syariah Mudharabah bonds 30,000 - - 30,000 - 30,000 Investments in mutual fund units 53,095 - - 53,095 - 53,095 219,273 - 104 219,377 - 219,377 Total Rupiah 13,083,501 59,553 104 11,823,299 1,200,753 13,024,052 Foreign Currency: Held-to-maturity Bonds 192,679 12,814 - 162,514 17,351 179,865 Floating rate notes 81,550 27 - 73,717 7,806 81,523 Money market securities 25,421 - - 25,421 - 25,421 Credit linked notes receivable 45,225 261 - 27,880 17,084 44,964 Export bills 1,906,313 - - 1,332,963 573,350 1,906,313 Others 107,017 10,910 - 87,432 8,675 96,107 2,358,205 24,012 - 1,709,927 624,266 2,334,193 Trading Bonds 70,584 - 618 71,202 - 71,202 Floating rate notes 28,203 - 225 27,978 - 27,978 Money market securities 51,933 - 108 51,825 - 51,825 150,720 - 285 151,005 - 151,005 Available-for-sale Floating rate notes 376,320 - 12,732 389,052 - 389,052 Money market securities 69,661 - - 69,661 - 69,661 445,981 - 12,732 458,713 - 458,713 Total Foreign Currency 2,954,906 24,012 13,017 2,319,645 624,266 2,943,911 Total 16,038,407 83,565 13,121 14,142,944 1,825,019 15,967,963 Less: Allowance for possible losses 9,505 1,825,019 1,834,524 14,133,439 - 14,133,439 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 40

6. SECURITIES continued