Trade Financing with Asian Development Bank ADB

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5147 60. NEW ACCOUNTING STANDARDS continued DSAK-IAI has also issued revision of the followings accounting standards which are applicable for financial statements covering periods beginning on or after 1 January 2011: - SFAS 1 revised 2009 – Presentation of Financial Statements, - SFAS 2 revised 2009 – Statements of Cashflows, - SFAS 4 revised 2009 – Consolidated and Separate Financial Statements, - SFAS 5 revised 2009 – Operating Segments, - SFAS 12 revised 2009 – Interest in Joint Ventures, - SFAS 15 revised 2009 – Investment in Associates, - SFAS 25 revised 2009 – Accounting Policies, Changes in Accounting Estimates and Errors, - SFAS 48 revised 2009 – Impairment of Assets, - SFAS 57 revised 2009 – Provisions, Contingent Liabilities and Contigent Assets, - SFAS 58 revised 2009 – Non-Current Assets Held for Sale and Discountinued Operations, - Interpretation of SFAS 7 revised 2009 – Consolidation of Special Purpose Entities, - Interpretation of SFAS 9 – Changes in Existing Decommissioning, Restoration and Similar Liabilities, - Interpretation of SFAS 10 – Customer Loyalty Program, - Interpretation of SFAS 11 – Distribution of Non-Cash Assets to Owners, - Interpretation of SFAS 12 – Jointly Controlled Entities: Non-monetary Contributions by Ventures. Bank and its Subsidiaries are evaluating the impact of the implementation of these revised standard on the consolidated financial statements.

61. INTERNATIONAL FINANCIAL REPORTING STANDARDS RECONCILIATION

In relation to the implementation of SFAS 50 revised 2006 and SFAS 55 revised 2006 effective on 1 January 2010 as explained in Note 60, the Bank is continuously enhance the provisioning methodology and historical data used to calculate the collective and individual impairment for the implementation of those SFAS. Therefore, the Management has decided not to disclose the International Financial Reporting Standard IFRS reconciliation for consolidated net income and consolidated shareholders’ equity of Bank Mandiri and Subsidiaries as at and for the year ended 31 December 2009. SFAS 50 revised 2006 and SFAS 55 revised 2006 are adopted from IFRS 32 and IFRS 39 revised 2005. The Bank has already made necessary preparation for the implementation of the SFAS 50 revised 2006 and SFAS 55 revised 2006 starting 1 January 2010. According to the Management’s assessment, the implementation of these standards would not result in unfavourable impact to the Bank’s consolidated financial statements as at 1 January 2010.

62. RECLASSIFICATION OF ACCOUNTS

Account premium expense to Indonesia Deposit Insurance Corporation Lembaga Penjaminan Simpanan in the 31 December 2008 consolidated financial statements have been reclassified to be consistent with the presentation in the 31 December 2009 consolidated financial statements as follows: As Previously As Currently Accounts Description Reported Reclassification Reported Other operating expenses - others - net 954,309 484,980 469,329 Interest expense 11,886,437 484,980 12,371,417 Cash flows from operating activities: - Payments of interest expense 11,680,237 484,980 12,165,217 - Operating expenses – others 954,312 484,980 469,332