SECURITIES PURCHASED WITH AGREEMENTS TO RESELL DERIVATIVE RECEIVABLES AND PAYABLES

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 46

10. DERIVATIVE RECEIVABLES AND PAYABLES continued

Cross Currency Swaps continued A summary of the cross currency swap contracts is as follows: Type of Buy Sell Effective Date Maturity Date Transactions full amount full amount November 3, 2004 November 3, 2009 Spot US25 million Rp285,060 million Forward Rp285,060 million US25 million November 4, 2004 November 4, 2009 Spot US25 million Rp284,062 million Forward Rp284,062 million US25 million May 18, 2005 May 18, 2010 Spot US25 million Rp316,356 million Forward Rp316,356 million US25 million June 7, 2005 January 7, 2008 Spot US50 million Rp617,500 million Forward Rp617,500 million US50 million Bank Mandiri has also entered into cross currency swap contracts with several counterparty banks for funding purposes. A summary of the cross currency swap contracts is as follows: Effective Date Maturity Date Type of Transactions Buy full amount Sell full amount Interest Rate April 28, 2005 October 27, 2006 Spot US25 million Rp239,250 million IDR-Fix 3-Month Forward Rp239,250 million US25 million US-3 - Month LIBOR + 0.70 May 19, 2005 May 19, 2010 2008 Spot US50 million Rp472,500 million IDR-3 - Month SBI Callable putable in 2008 Forward Rp472,500 million US50 million US-3 - Month LIBOR + 1.20 June 7, 2005 June 7, 2008 Spot US50 million Rp475,000 million IDR-SBI 3 Month Forward Rp475,000 million US50 million US-3 - Month LIBOR + 1.30 The agreements require the Bank to maintain the rupiah value that related to cross currency swap transactions, through top-up deposits mechanism, which is calculated based on movement of spot rupiah against US Dolar. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 47

10. DERIVATIVE RECEIVABLES AND PAYABLES continued