TEMPORARY SYIRKAH FUNDS Laporan Tahunan 2016 PT Bank Mandiri (Persero) Tbk versi B.Inggris

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 173

39. NONCONTROLLING INTERESTS IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES

This account represents noncontrolling interests in net assets of consolidated Subsidiaries are as follows: December 31, December 31, 2016 2015 PT AXA Mandiri Financial Services 1,138,819 1,068,962 PT Mandiri Tunas Finance 722,323 574,592 PT Bank Mandiri Taspen Pos “Bank Mantap” 458,658 294,599 PT Asuransi Jiwa InHealth Indonesia 277,011 268,778 PT Mandiri Axa General Insurance 197,425 172,000 PT Mandiri Utama Finance 121,302 42,395 PT Mandiri Sekuritas 145 124 PT Mandiri Capital Indonesia 102 101 2,915,785 2,421,551 40. SHARE CAPITAL

a. Authorised, Issued and Fully Paid Capital

The Bank’s authorised, issued and fully paid capital as of December 31, 2016 and 2015, respectively, are as follows: December 31, 2016 Nominal value Percentage Number of per Share Share value of shares full amount full amount ownership Authorised Capital Share series A Dwiwarna 1 500 500 0.00 Common shares series B 31,999,999,999 500 15,999,999,999,500 100.00 Total Authorised Capital 32,000,000,000 16,000,000,000,000 100.00 Issued and Fully Paid Capital Share series A Dwiwarna Republic of Indonesia 1 500 500 0,00 Common share series B Republic of Indonesia 13,999,999,999 500 6,999,999,999,500 60.00 Management: Sulaiman Arif Arianto 190,029 500 95,014,500 0.00 Ogi Prastomiyono 485,500 500 242,750,000 0.00 Pahala N. Mansury 816,500 500 408,250,000 0.01 Hery Gunardi 171,500 500 85,750,000 0.00 Tardi 462,500 500 231,250,000 0.00 Ahmad Siddik Badruddin 498,300 500 249,150,000 0.00 Kartini Sally 180,000 500 90,000,000 0.00 Royke Tumilaar 51,000 500 25,500,000 0.00 Public less than 5 each 9,330,478,004 500 4,665,239,002,000 39.99 23,333,333,333 11,666,666,666,500 100.00 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 174

40. SHARE CAPITAL continued a. Authorised, Issued and Fully Paid Capital continued

The Bank’s authorised, issued and fully paid capital as of December 31, 2016 and 2015, respectively, are as follows continued: December 31, 2015 Nominal value Percentage Number of per Share Share value of shares full amount full amount ownership Authorised Capital Share series A Dwiwarna 1 500 500 0.00 Common shares series B 31,999,999,999 500 15,999,999,999,500 100.00 Total Authorised Capital 32,000,000,000 16,000,000,000,000 100.00 Issued and Fully Paid Capital Share series A Dwiwarna Republic of Indonesia 1 500 500 0,00 Common share series B Republic of Indonesia 13,999,999,999 500 6,999,999,999,500 60.00 Management: Budi Gunadi Sadikin 3,500,500 500 1,750,250,000 0.02 Sulaiman Arif Arianto 190,029 500 95,014,500 0.00 Sentot A. Sentausa 4,350,000 500 2,175,000,000 0.02 Ogi Prastomiyono 485,500 500 242,750,000 0.00 Pahala N. Mansury 816,500 500 408,250,000 0.00 Royke Tumilaar 51,000 500 25,500,000 0.00 Hery Gunardi 171,500 500 85,750,000 0.00 Tardi 462,500 500 231,250,000 0.00 Ahmad Siddik Badruddin 600,000 500 300,000,000 0.00 Kartini Sally 180,000 500 90,000,000 0.00 Public less than 5 each 9,322,525,804 500 4,661,262,902,000 39.96 23,333,333,333 11,666,666,666,500 100.00 Shares owned by the Board of Directors for the year ended December 31, 2016 and 2015 respectively amounted to 2,855,329 shares and 10,207,529 shares, or 0.01 and 0.04 ot the total number of authorized shares. Based on notarial deed No. 10 of Notary Sutjipto, S.H., dated October 2, 1998, the authorised capital of Bank Mandiri is amounted to Rp16,000,000 with a nominal value of Rp1,000,000 full amount per share. The determination of issued and fully paid capital amounted to Rp4,000,000 by the Government of the Republic of Indonesia at the date of establishment of Bank Mandiri was carried out as follows: 1. Cash payment through Bank Indonesia amounted to Rp1,600,004. 2. Placements in shares recorded as investments in shares of the Merged Banks amounted to Rp599,999 each or totaling Rp2,399,996, through the transfer of shares of the Government of the Republic of Indonesia in each of the Merged Banks to Bank Mandiri, as resolved during the respective Extraordinary General Shareholders’ Meetings of the Merged Banks. Based on the agreement “inbreng” notarised by Notarial Deed No. 9 of Notary Sutjipto, S.H. dated October 2, 1998, Bank Mandiri and the Government of the Republic of Indonesia agreed to transfer those shares as payment for new shares to be issued by Bank Mandiri.