Additional Paid-In CapitalAgio continued Distribution of Net Income

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 5130 35. MANAGEMENT STOCK OPTION PLAN continued MSOP Stage 3 continued A summary of the Management Stock Option Plan and the movements during the periods full amount: 31 December 2010 Weighted average Weighted average fair excercise price of Number of value of options options options full amount full amount Value of options Options outstanding at the beginning of the year 26,665,367 606.54 1,755 .97 16,174 Options exercised during the year 26,377,937 606.15 1,747 .98 15,989 Options have been expired 287,430 642.09 2,489.09 185 Options at the end of the year - -

36. INTEREST AND SHARIA INCOME

Interest income consist of interest income and sharia income as follow: 2011 2010 Interest income Loans 26,602,988 22,434,166 Government Bonds 4,214,014 5,702,826 Marketable securities 1,386,642 2,146,955 Placements with Bank Indonesia and other banks 1,280,868 532,119 Consumer financing income 545,944 342,464 Others 309,272 392,632 Total 34,339,728 31,551,162 Sharia income Murabahah and Istishna income 2,180,579 1,378,570 Mudharabah income 636,928 550,452 Musyarakah income 558,025 442,861 Ijarah income - net 14,759 8,605 Total 3,390,291 2,3 80,488 Total Interest and Sharia Income 37,730,019 33,931,650 Included in interest income from loans is interest income recognised on the non-impaired portion of the impaired loans time value unwinding for the year ended 31 December 2011 and 2010 amounting to Rp480,817and Rp515,916 and fees and commissions income directly attributable to lending activities amortised using effective interest rate method for the year ended 31 December 2011 and 2010 amounting to Rp799,445 and Rp550,277. As of 31 December 2011 and 2010 included in inter est and sharia income is income from transaction with related parties on Government Bonds and Treasury Bill amounting to Rp4,256,890 and Rp5,770,638 refer to Note 51. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 5131 37. INTEREST AND SHARIA EXPENSE Interest and sharia expense are incurred on the following: 2011 2010 Time deposits 10,031,286 8,939,093 Saving deposits 3,008,988 2,585,365 Demand deposits 1,116,436 1,294,351 Insurance premiums on third party funds guarantee program Note 59 759,174 651,057 Subordinated loans 434,401 434,964 Fund borrowings 282,964 279,439 Marketable securities issued 133,789 100,218 Others 167,004 110,111 15,934,042 14,394,598 Included in interest expense of time deposits and saving deposits is expense based on sharia principle for the years ended 31 December 2011 and 2010 amounting to Rp1,780,550 and Rp1,161,680, respectively. Included in interest and sharia expense above are interest expense from related parties transactions from fund borrowings for the years ended 31 December 2011 and 2010 amounting to Rp5,435 and Rp8,565, respectively refer to Note 51.

38. OTHER OPERATING INCOME – OTHERS

2011 2010 Recovery of written-off loans relating to implementation of SFAS 55 Revised 2006 2,997,761 1,834,289 Income from loan written-off 589,961 237,897 Income from penalty 100,849 108,810 Stamp duty income 50,086 47,348 Safety deposit box 21,536 21,247 Others 652,207 485,939 4,412,400 2,735,530 For 2011 the amount includes receipt of PT Garuda Indonesia Persero “Garuda” Tbk’s Mandatory Convertible Bond p rincipal settlement amounting Rp967,869 refer to Note 51. For 2011 the amount includes receipt of interest portion of settlement of Garuda MCB amounting Rp433,054 refer to Note 51.

39. ALLOWANCE FOR IMPAIRMENT LOSSES

2011 2010 Allowancereversal for impairment losses on: Current accounts with other banks Note 5d 828 3,323 Placements with other banks Note 6e 7,300 63,286 Marketable Securities Note 7g 17,530 167,895 Other receivables - trade transactions Note 9d 98,692 269,594 Derivative receivables Note 11 - 412 Loans Note 12B.j 3,407,728 2,450,235 Consumer financing receivables Note 13c 113,083 46,116 Net investment in lease finance 197 - Acceptance receivables Note 14 d 151,154 117,977 Investments in shares Note 15c 850 614 3,297,670 2,986,23 4

40. REVERSAL FOR POSSIBLE LOSSES

2011 2010 Reversalallowance provision for: Estimated losses arising from fraud cases 40,022 62,114 Estimated losses arising from legal cases Note 30 14,576 61,381 Others assets Note 18 339,620 89,803 Others - 1,758 285,022 88,778