GENERAL continued b. FS English YE 2016 Audited PT Telekomunikasi Indonesia Tbk

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 12

1. GENERAL continued d. Subsidiaries continued

i Indirect subsidiaries: Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Year of start of commercial operations Percentage of ownership interest Total assets before elimination 2016 2015 2016 2015 PT Sigma Cipta Caraka “Sigma”, Tangerang, Indonesia Information technology service - system implementation and integration service, outsourcing and software license maintenance May 1,1987 1988 100 100 4,289 3,587 Telekomunikasi Indonesia International Pte. Ltd., Singapore Telecommunication December 6, 2007 2008 100 100 2,566 1,618 PT Infomedia Nusantara “Infomedia”, Jakarta, Indonesia Data and information service - provides telecommunication information services and other information services in the form of print and electronic media and call center services September 22,1999 1984 100 100 1,860 1,622 PT Telkom Landmark Tower “TLT”, Jakarta, Indonesia Service for property development and management February 1, 2012 2012 55 55 1,683 1,245 Telekomunikasi Indonesia International “TL” S.A., Timor Leste Telecommunication September 11, 2012 2012 100 100 755 854 PT Metra Digital Media “MD Media”, Jakarta, Indonesia Directory information services January 22, 2013 2013 99,99 99,99 684 618 PT Finnet Indonesia “Finnet”, Jakarta, Indonesia Information technology services October 31, 2005 2006 60 60 629 513 Telekomunikasi Indonesia International Ltd., Hong Kong Telecommunication December 8, 2010 2010 100 100 441 326 PT Metra Digital Investama “MDI”, Jakarta, Indonesia Trading andor providing service related to information and tehnology multimedia, entertainment and investment January 8, 2013 2013 99.99 99.99 331 4 PT Metra Plasa “Metra Plasa”, Jakarta, Indonesia Network e-commerce services April 9, 2012 2012 60 60 325 85 PT Nusantara Sukses Investasi ”NSI”, Jakarta, Indonesia Service and trading September 1, 2014 2014 99,99 99,99 227 165 PT Administrasi Medika “Ad Medika”, Jakarta, Indonesia Health insurance administration services February 25, 2010 2002 100 75 204 160 PT Melon “Melon”, Jakarta, Indonesia Content provider November 14, 2016 2010 100 51 178 - PT Graha Yasa Selaras “GYS”, Jakarta, Indonesia Tourism service April 27, 2012 2012 51 51 174 160 Telekomunikasi Indonesia Internasional Pty Ltd. “Telkom Australia”, Australia Telecommunication January 9, 2013 2013 100 100 161 171 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 13

1. GENERAL continued d. Subsidiaries continued

ii Indirect subsidiaries: continued Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Year of start of commercial operations Percentage of ownership interest Total assets before elimination 2016 2015 2016 2015 PT Sarana Usaha Sejahtera Insanpalapa ”TelkoMedika”, Jakarta, Indonesia Health services, medicine services including pharmacies, laboratories and other health care support November 30, 2015 2008 75 75 72 49 PT Satelit Multimedia Indonesia “SMI”, Jakarta, Indonesia Satellite services March 25, 2013 2013 99.99 99.99 18 13 Telekomunikasi Indonesia International “Telkom USA”, Inc., USA Telecommunication December 11, 2013 2014 100 100 9 52 PT Nusantara Sukses Sarana “NSS”, Jakarta, Indonesia Building and hotel management service and other services September 1, 2014 - 99.99 99.99 - - PT Nusantara Sukses Realti ”NSR”, Jakarta, Indonesia Service and trading September 1, 2014 - 99.99 99,99 - - PT Metra TV “Metra TV”, Jakarta, Indonesia Subscription-broadcasting services January 8, 2013 2013 99.83 99,83 - - a Metra On November 30, 2015 Metra acquired 13,850 shares of TelkoMedika equivalent to 75 ownership with acquisition cost amounting to Rp69.5 billion. TelkoMedika engaged in health procurement and medicinal services including the establishment of pharmacies, hospital, clinic, or other healthcare support. Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 10, 11, 12, 13, 14 dated May 25, 2016, Metra purchased 2,000 shares of Ad Medika from the non- controlling interest equivalent to 25 ownership amounting to Rp138 billion. b Sigma Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 09 dated December 18, 2015, which was approved by MoLHR through its decision letter No. AHU- AH.01.03-09904427 dated December 22, 2015, Sigma purchased 55 ownership in PT Media Nusantara Global Data MNDG which is engaged in data center services. The acquisition cost amounted to Rp45 billion and the fair value of identifiable net assets amounted to Rp30 billion resulting in a goodwill of Rp15 billion Note 11. Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 15 dated June 29, 2016, Sigma purchased 13,770 shares of PT Pojok Celebes Mandiri “PCM” equivalent to 51 ownership from Metra amounting to Rp7.8 billion.