BASIC EARNINGS PER SHARE

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 81

41. PENSION AND OTHER POST-RETIREMENT BENEFITS continued a. Pension

continued 1. The Company continued 2007 2008 Change in plan assets Fair value of plan assets at beginning of year 7,210,748 9,034,392 Expected return on plan assets 583,708 698,126 Employer’s contributions 525,122 666,201 Plan participants contributions 32,634 33,378 Actuarial losses gains 9,373 1,444,003 Expected benefits paid 250,932 308,856 Fair value of plan assets at end of period 8,110,653 8,679,238 Funded status 1,622,961 3,355,601 Unrecognized prior service costs 1,645,318 1,490,096 Unrecognized net actuarial losses gain 795,703 1,022,843 Accrued pension benefit cost 773,346 842,662 In 2007, the Company provides pension benefit based on uniformulation for both participants prior to and from April 20, 1992 effective for employees retiring beginning February 1, 2009. The change in benefit had increased the Company’s liabilities by Rp.698,583 million, which is amortized over 9.9 years until 2016. The actual return on plan assets was Rp.796,090 million and Rp.681,493 million for the nine months period ended September 30, 2007 and 2008, respectively. The movement of the accrued pension benefits costs during the nine months period ended September 30, 2007 and 2008, is as follows: 2007 2008 Accrued pension benefits costs at beginning of year 1,003,000 1,054,097 Net periodic pension cost 295,468 483,213 Employer’s contributions 525,122 666,201 Benefits to be paid by the Company - 28,447 Accrued pension benefits costs at end of period 773,346 842,662 As of September 30, 2008, plan assets included Series B shares issued by the Company with fair value totaling Rp.257,892 million represents 3.10 of total assets of Dapen as of September 30, 2008 September 30, 2007: included Series B shares issued by the Company with fair value totaling Rp.267,013 million.