MARKETABLE SECURITIES ISSUED Bank Mandiri Tbk Eng 31 Des 2015 Released

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 131

30. MARKETABLE SECURITIES ISSUED continued

Medium Term Notes MTN continued December 31, 2014 Interest Maturity Tenor Rate Type Arranger Date months Per Annum Nominal Amount Medium Term Notes III PT UOB Kayhian Securities February 2, 2015 36 9.95 200,000 200,000 During the years ended December 31, 2015 and 2014, the Subsidiaries had fulfilled the covenants as stipulated in the agreements. 31. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES a. Transactions of commitment and contingent in the ordinary course of business of Bank Mandiri and its Subsidiaries activities that have credit risk are as follows: December 31, December 31, 2015 2014 Rupiah: Bank guarantees issued Note 53 37,077,825 26,853,713 Committed unused loan facilities granted 22,273,685 26,516,482 Outstanding irrevocable letters of credit Note 53 2,426,922 2,112,407 Standby letters of credit Note 53 1,970,917 1,709,373 Total 63,749,349 57,191,975 Foreign currencies: Bank guarantees issued Note 53 37,433,266 34,359,188 Committed unused loan facilities granted 7,006,333 7,046,517 Outstanding irrevocable letters of credit Note 53 8,497,666 13,055,707 Standby letters of credit Note 53 10,764,808 10,180,077 Total 63,702,073 64,641,489 127,451,422 121,833,464 b. By Bank Indonesia’s collectibility: December 31, December 31, 2015 2014 Current 126,481,063 121,384,434 Special mention 685,904 367,646 Sub-standard 230,090 7,064 Doubtful 16,541 10,551 Loss 37,824 63,769 Total 127,451,422 121,833,464 Less: Allowance for impairment losses 395,610 196,793 Commitments and contingencies - net 127,055,812 121,636,671 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 132

31. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES continued

c. Movements of allowance for impairment losses on commitments and contingencies: December 31, December 31, 2015 2014 Beginning balance 196,793 200,501 Allowancereversal during the year 198,450 5,313 Others 367 1,605 Ending balance 395,610 196,793 Includes effect of foreign currencies translation. Management believes that the allowance for impairment losses on commitments and contingencies is adequate. d. Information in respect of classification of “non-impaired” and“impaired” is disclosed in Note 61A. e. Deposits from customers and deposits from other banks pledged as collateral for bank guarantee and irrevocable letters of credit as of December 31, 2015 and 2014 amounting to Rp2,596,228 and Rp1,771,213, respectively Notes 21c and 24c. 32. ACCRUED EXPENSES December 31, December 31, 2015 2014 Fixed asset and software procurement 1,073,300 1,308,820 Interest expenses 969,433 1,082,993 Outsourcing expenses 287,102 258,401 Promotions 232,779 302,512 Employee related costs: uniform, recreation and others 67,326 70,706 Others 860,861 856,841 3,490,801 3,880,273 Included in the fixed asset and software procurement are payables to vendors related with operational and maintenance activities for buildings, equipments, software, ATM machines and Bank’s IT System. 33. TAXATION

a. Prepaid taxes December 31, December 31,

2015 2014 Bank Mandiri 4,570,305 2,417,736 Subsidiaries 247,091 174,246 4,817,396 2,591,982