DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY continued

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated 87

21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS AND CERTIFICATES OF DEPOSIT continued

d. As of December 31, 2003, April 30, 2003 and December 31, 2002, the Bank has no time deposits and certificates of deposit from related party banks . e. As of December 31, 2003, April 30, 2003 and December 31, 2002, time deposits which are frozen and blocked as collateral for bank guarantees and loan and working capital facilities, amounted to Rp33,591, Rp36,446 and Rp17,530, respectively. f. The Bank has effectively ceased the offering of certificates of deposit products since April 2002. 22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE December 31, 2003 Counter-party Commencement date Maturity date Nominal Repo Serial Number Deutsche Bank 05092003 10252006 1,305,000 GRB VR0010 Standard Chartered Bank 06042003 06062005 1,037,500 GRB VR0013 Bank Mega 09252003 09252005 400,000 GRB VR0014 Bank Mega 09252003 09252005 400,000 GRB VR0015 Bank Mega 09252003 09252005 400,000 GRB VR0017 Bank Mega 09112003 09112005 266,667 GRB VR0014 Bank Mega 09112003 09112005 266,667 GRB VR0015 Bank Mega 09112003 09112005 266,666 GRB VR0017 Standard Chartered Bank 11172003 01122004 32,603 GRB FR0002 Bank Bumiputera 12232003 01292004 17,074 FRN Standard Chartered Bank 11172003 01122004 9,000 GRB FR0005 Standard Chartered Bank 11172003 01122004 4,500 GRB FR0004 4,405,677 The agreements to repurchase Government Recapitalization Bonds with Deutsche Bank series VR0010 and Standard Chartered Bank series VR0013 are associated with cross currency swap transactions with the respective counterparties. The Bank will settle all the repurchase agreements at nominal values at maturity. There is no premium or discount on these contracts. On October 31, 2003, Bank Mandiri made an early termination of its repurchase agreement involving a Government Recapitalization Bond series FR0002 nominal value of Rp980,000 with Deutsche Bank. April 30, 2003 and December 31, 2002 As of April 30, 2003 and December 31, 2002, securities sold with agreements to repurchase are as follows: Counter-party Commencement Date Maturity Date Nominal Remark Deutsche Bank Jan 31, 2002 Jan 31, 2004 735,000 Government Recapitalization Bonds FR0002 The Bank sold Government Recapitalization Bond serial number FR0002 with an agreement to repurchase, and entered into a swap transaction with Deutsche Bank Notes 8 and 10. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated 88

23. ACCEPTANCES PAYABLE

a. By Currency: December 31, April 30, December 31, 2003 2003 2002 Rupiah: Payable to other banks Related parties - - - Third parties 50,407 77,142 46,228 Total Rupiah 50,407 77,142 46,228 Foreign Currency: Payable to other banks Related parties - - - Third parties 3,200,235 2,688,977 2,029,911 Payable to debtors Related parties - - - Third parties 14,230 25,518 74,470 Total Foreign Currency 3,214,465 2,714,495 2,104,381 3,264,872 2,791,637 2,150,609 b. By Maturity: December 31, April 30, December 31, 2003 2003 2002 Rupiah: Less than 1 month 12,196 77,142 16,136 1 - 3 months 10,172 - 23,687 3 - 6 months 28,039 - 6,405 6 - 12 months - - - Over 12 months - - - 50,407 77,142 46,228 Foreign Currency: Less than 1 month 1,038,533 695,459 699,193 1 - 3 months 1,115,246 854,167 990,813 3 - 6 months 773,329 774,564 323,814 6 - 12 months 287,357 390,305 90,561 Over 12 months - - - 3,214,465 2,714,495 2,104,381 3,264,872 2,791,637 2,150,609