BONDS AND NOTES continued BANK LOANS

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 70

21. BANK LOANS continued

a As stated in the agreements, the Group is required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, including maintaining financial ratios. As of December 31, 2014, the Group has complied with all covenants as restrictions. b Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of pledges and negative pledges as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of December 31, 2014, Telkomsel has complied with the above covenants. c Pursuant to the agreements with PT Ericsson Indonesia “Ericsson Indonesia” and Ericsson AB Note 41a.ii, Telkomsel entered into an EKN-Backed Facility Agreement “facility” with ABN Amro Bank N.V. Stockholm branch as “the original lender” and Standard Chartered Bank as “the original lender” , “the arranger”, “the facility agent” and “the EKN agent”, and ABN Amro Bank N.V., Hong Kong as “the arranger” for the purchase of Ericsson telecommunication equipment and services. The facilities consist of facility 1, 2, and 3 amounting to US117 million, US106 million, and US95 million, respectively. The availability period of facility 1, 2, and 3 expired in July 2010, March 2011 and November 2011, respectively. In October 2011, EKN agreed to reduce the premium on the unused facility by US3 million through a cash refund. d In connection with the agreement with NSW-Fujitsu Consortium, the Company entered into a loan agreement with JBIC, the international arm of Japan Finance Corporation, for the purchase of NSW-Fujitsu Consortium telecommunication equipment and services. The facilities consist of facility A and B amounting to US36 million and US24 million, respectively. e Based on the latest amendment on March 31, 2011 f Based on the latest amendment on September 22, 2014 g In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the Southeast Asia Japan Cable System project. The facilities consist of facility A and facility B amounting to US18.8 million and US12.5 million, respectively

22. NON-CONTROLLING INTERESTS

2014 2013 Non-controlling interests in net assets of subsidiaries: Telkomsel 18,063 16,735 GSD 125 58 Metra 88 87 TII 42 - Patrakom - 2 Total 18,318 16,882 2014 2013 Non-controlling interests in total comprehensive income loss of subsidiaries: Telkomsel 6,790 6,071 Metra 22 20 TII 3 - Patrakom - GSD 7 6 Total 6,808 6,085 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 71

23. CAPITAL STOCK 2014

Number of Percentage Total Description shares of ownership paid-up capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.56 2,580 The Bank of New York Mellon Corporation 9,472,920,180 9.65 474 Directors Note 1b: Indra Utoyo 27,540 Honesti Basyir 540 Dian Rachmawan 60,540 Public individually less than 5 37,100,491,240 37.79 1,855 Total 98,175,853,600 100.00 4,909 Treasury stock Note 25 2,624,142,800 - 131 Total 100,799,996,400 100.00 5,040 2013 Number of Percentage Total Description shares of ownership paid-up capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 53.14 2,580 The Bank of New York Mellon Corporation 10,031,129,780 10.33 502 Directors Note 1b: Indra Utoyo 27,540 Honesti Basyir 540 Priyantono Rudito 540 Sukardi Silalahi 540 Public individually less than 5 35,467,341,100 36.53 1,773 Total 97,100,853,600 100.00 4,855 Treasury stock Note 25 3,699,142,800 - 185 Total 100,799,996,400 100.00 5,040 The Bank of New York Mellon Corporation serves as the Depositary of registered ADS holders for the Company’s ADSs. The Company issued only 1 Series A Dwiwarna share which is held by the Government and cannot be transferred to any party, and has a veto in the General Meeting of Stockholders of the Company with respect to election and removal from the Boards of Commissioners and Directors, issuance of new shares, and amendments of the Company’s Articles of Association.