NON-OPERATING INCOME - NET

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 116

47. FOREIGN CURRENCY

TRANSACTIONS Forward and cross currency swap transactions are presented as derivative receivablespayables in the balance sheet Note 10. Details of outstanding spot foreign currency bought and sold transactions as of December 31, 2005 are as follows: Spot-Bought Spot-Sold Original Currency Equivalent Original Currency Equivalent Original Currency full amount Rupiah full amount Rupiah United States Dollars 3,009,000 29,578 45,704,193 449,272 Others - 449,758 - 29,606 479,336 478,878 Details of outstanding spot foreign currency bought and sold transactions as of December 31, 2004 are as follows: Spot-Bought Spot-Sold Original Currency Equivalent Original Currency Equivalent Original Currency full amount Rupiah full amount Rupiah United States Dollars 11,340,333 105,295 9,500,333 88,211 Others - 26,594 - 5,400 131,889 93,611

48. RELATED PARTY

TRANSACTIONS a. Banking Activities in the Ordinary Course of Business In the ordinary course of its business, Bank Mandiri engages in significant transactions with the following related parties: • Related by ownership: The Government of the Republic of Indonesia • Related by ownership andor management: PT Axa Mandiri Financial Services, Danareksa, PT Great River International, PT Kustodian Sentral Efek Indonesia, PT Sarana Bersama Pembiayaan Indonesia, PT Semen Kupang Persero, PT Staco Estika Sedaya Finance, PT Wana Rimba Kencana, PT Eastern Sumatera Indonesia, PT Tolan Tiga Indonesia, PT Melania Indonesia, PT Bayu Beringin Lestari, PT Kertas Padalarang, PT Bandar Sumatera Indonesia, PT Bank Niaga Tbk., PT Bank International Indonesia Tbk. • Related by management or key personnel Bank Mandiri’s employees Details of significant transactions with related parties as of December 31, 2005 and 2004 are as follows: 2005 2004 Government Recapitalization Bonds Note 7 92,055,964 93,081,021 Loans Note 11B.g 1,245,740 952,277 Securities Note 6a 600,200 399,084 Other Receivables – Trade transaction Note 8a 54,531 - Acceptance Receivables Note 12a 552 - Current Accounts with Other Banks Note 4c 53 - Interest refundable by the Government Note 15 - 866 Total assets involving related parties 93,957,040 94,433,248 Total consolidated assets 263,383,348 248,155,827 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 117

48. RELATED PARTY TRANSACTIONS continued

a. Banking Activities in the Ordinary Course of Business continued 2005 2004 Percentage of assets involving related parties to total consolidated assets

35.67 38.05

The percentages of Government Recapitalization Bonds, Loans, securities, other receivables – trade transaction, acceptance receivable, current account with other bank, and interest receivable from the Government compared to the total consolidated assets are as follows: 2005 2004 Government Recapitalization Bonds 34.95 37.50 Loans 0.47 0.38 Securities 0.23 0.16 Other Receivables – Trade transaction 0.02 - Acceptance Receivable - - Current account with other bank - - Interest refundable by the Government - - Total 35.67

38.05 2005

2004 Time Deposits Note 18f 1,080,031 35,997 Fund Borrowings Note 25 350,000 126,378 Demand Deposits Note 16a 314,961 62,412 Savings Deposits Note 17b 23,276 15,467 Deposits From Other Banks – Demand Deposits Note 19c 287 - Total liabilities involving related parties 1,768,555 240,254 Total consolidated liabilities 240,164,244 223,217,577 Percentage of liabilities involving related parties to total consolidated liabilities 0.74 0.11 Percentages of time deposits, fund borrowings, demand deposits, saving deposits and deposits from other banks - demand deposits compared to the total consolidated liabilities are as follows: 2005 2004 Time Deposits 0.45 0.01 Fund Borrowings 0.15 0.06 Demand Deposits 0.13 0.03 Savings Deposits 0.01 0.01 Deposits From Other Banks – Demand Deposits - - Total 0.74 0.11 Salary, allowances and bonuses of the Boards of Directors and Commissioners and Executive Officers Note 42 for the years ended December 31, 2005 and 2004 amount to Rp107,086 and Rp96,168, respectively. b. Significant transactions with the Government of the Republic of Indonesia • In May 1999, the Government implemented a recapitalization program for Bank Mandiri by issuing Government Recapitalization Bonds Notes 1c and 7.