NOTES AND BONDS continued BANK LOANS

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 57

23. BANK LOANS continued

c. BCA continued i continued The amounts drawn from the facility bore interest rate of 4.35 per annum plus the three-month time deposit rate and were unsecured. The loans were payable in twelve unequal quarterly installments beginning in July 2004 and matured in April 2007. Based on the loan agreement, the Company is required to comply with all covenants or restrictions including maintaining financial ratios. In 2006, the Company breached a covenant in the loan agreement which stipulates that the Company will not make any loans to or for the benefit of any person which in aggregate exceed Rp.500,000 million. The Company obtained a written waiver from BCA with regard to providing loans to certain subsidiaries which in aggregate exceed Rp.500,000 million. The loan was fully repaid on April 10, 2007. ii On March 16, 2006, Telkomsel signed a loan agreement with BCA for a facility of Rp.400,000 million, payable in 5 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month SBI plus 1.75 per annum 9.79 per annum and 11.65 per annum as of September 30, 2007 and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.240,000 million and Rp.80,000 million, respectively. iii On August 15, 2006, Telkomsel signed a medium-term facility loan agreement with BCA for Rp.350,000 million, payable for 5 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month SBI plus 1.5 per annum 9.54 per annum and 11.40 per annum as of September 30, 2007 and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.210,000 million and Rp.70,000 million, respectively. iv On June 15, 2007, Telkomsel signed a medium-term facility loan agreement with BCA of Rp.500,000 million, payable in 5 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month JIBOR plus 1.25 per annum 9.40 per annum and 12.41 per annum as of September 30, 2007 and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.500,000 million and Rp.300,000 million, respectively. v On July 14, 2008, Telkomsel signed a medium-term facility loan agreements with BCA of Rp.1,000,000 million. This facility is in 5 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of one- month JIBOR plus 1.5 per annum 12.24 per annum as of September 30, 2008 which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2008 amounted to Rp.1,000,000 million. 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 58

23. BANK LOANS continued