SECURITIES PURCHASED WITH AGREEMENTS TO RESELL continued

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 52

10. DERIVATIVE RECEIVABLES AND PAYABLES continued

As of December 31, 2007, a summary of derivative transactions is as follows: Notional Amount Fair Value Derivative Derivative Transactions Contract Note 2k Receivables Payables Third parties Foreign Exchange Related 1. Forward - buy US Dollar 1,608,343 1,609,340 3,919 2,922 Others 10,515 10,612 97 - 2. Forward - sell US Dollar 111,639 111,414 477 252 3. Swap - buy US Dollar 1,185,249 1,185,632 2,548 2,165 4. Swap - sell US Dollar 4,001,795 3,681,068 332,162 11,435 Others 81,410 82,479 - 1,069 5. Option - buy US Dollar - 70 70 - Others - 1,178 1,178 - 6. Option - sell US Dollar - 163 - 163 Others - 2,047 - 2,047 Interest Rate Related 1. Swap - Interest rate US Dollar - 5,008 - 5,008 Other - 9,287 - 9,287 Total 340,451 34,348 Less: Allowance for possible losses 3,800 - 336,651 34,348 As of December 31, 2008 and 2007, the collectibility of derivative receivables is as follows: 2008 2007 Current 360,337 340,451 Less: Allowance for possible losses 6,313 3,800 Balance at end of year 354,024 336,651 Movements of allowance for possible losses on derivative receivables: 2008 2007 Balance at beginning of year 3,800 4,260 Provisionreversal during the year Note 36 2,501 467 Others 12 7 Balance at end of year 6,313 3,800 Includes effect of foreign exchange translation. Management believes that the allowance for possible losses on derivative receivables is adequate. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 53

11. LOANS

A. Details of loans: a By Currency and Related Parties and Third Parties: 2008 2007 Rupiah: Related parties note 47a 119,324 235,021 Third parties 135,117,712 96,494,562 Total Rupiah 135,237,036 96,729,583 Foreign Currency: Related parties note 47a 521,939 548,057 Third parties 38,740,459 41,275,912 Total Foreign Currency 39,262,398 41,823,969 Total 174,499,434 138,553,552 Less: Deferred income 1,334 23,472 Total 174,498,100 138,530,080 Less: Allowance for possible losses 11,860,312 13,041,696 162,637,788 125,488,384 b By Type and Collectibility: 2008 Special Sub- Current Mention standard Doubtful Loss Total Rupiah: Working capital 68,830,786 3,815,028 629,107 274,538 2,199,727 75,749,186 Investment 31,963,712 3,090,153 35,046 122,145 898,835 36,109,891 Consumer 16,785,205 2,080,749 61,528 55,344 326,703 19,309,529 Government Program 2,007,093 181,286 14,548 23,227 8,522 2,234,676 Employees 1,349,970 4,236 23 103 4,976 1,359,308 Syndicated 349,827 - - - - 349,827 Export 124,619 - - - - 124,619 Total Rupiah 121,411,212 9,171,452 740,252 475,357 3,438,763 135,237,036 Foreign Currency: Working capital 10,919,472 4,647,422 280,537 60,780 2,402,336 18,310,547 Investment 11,909,409 2,073,859 81,620 - 1,487,120 15,552,008 Syndicated 2,827,106 18,893 - 42,193 272,500 3,160,692 Employees 1,987,782 6,463 46,641 - 512 2,041,398 Government Program 168,735 - - - - 168,735 Consumer 27,207 1,275 - - - 28,482 Export 536 - - - - 536 Total Foreign Currency 27,840,247 6,747,912 408,798 102,973 4,162,468 39,262,398 Total 149,251,459 15,919,364 1,149,050 578,330 7,601,231 174,499,434 Less: Deferred income - 1,334 - - - 1,334 Total 149,251,459 15,918,030 1,149,050 578,330 7,601,231 174,498,100 Less: Allowance for possible losses 1,593,604 2,796,702 307,510 448,414 6,714,082 11,860,312 147,657,855 13,121,328 841,540 129,916 887,149 162,637,788