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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 205

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Nature of transactions with government related entities are current accounts with other bank, placements with other banks, marketable securities, government bonds, other receivables - trade transaction, derivative receivables, loans, consumer financing receivables, acceptance receivables, derivative payables, deposit from customers, deposits from other bank, interbank call money, acceptance payables, liabilities on securities sold under repurchase agreements, marketable securities issued, fund borrowing, subordinated loan, unused loan facility, bank guarantees, irrevocable letters of credit and standby letters of credit. • Transaction of related parties with government related entities In the ordinary course of its business, the Group also purchases or pays for services, such as telecommunication expense, utility expense and other expenses to government related entities. • Transactions with management and key personnel of Bank Mandiri Total gross salaries and allowances, bonus and tantiem, long-term employment benefits of the Boards of Commissioners, Directors, Audit Committee and Risk Monitoring, Sharia Supervisory Board and Executive Vice President and Senior Vice President Note 48 for the years ended December 31, 2016 and 2015 as amount Rp986,140 and Rp857,365 or 3.15 and 2.98 of total consolidated operating expenses - others, respectively. 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 206

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Details of significant transactions with related parties as of December 31, 2016 and 2015, are as follows: December 31, December 31, 2016 2015 Assets Current accounts with other banks Note 5a 25,861 24,515 Placements with Bank Indonesia and other banks Note 6b 1,725,571 1,991,278 Marketable securities Note 7a 18,571,548 16,516,404 Government bonds Note 8 98,933,278 103,869,361 Other receivables - trade transactions Note 9a 5,934,300 7,051,775 Derivative receivables Note 11 3,660 32,152 Loans Note 12A.a and 12B.g 100,201,483 75,405,807 Consumer financing receivables Note 13a 10,532 5,886 Acceptance receivables Note 15a 415,848 409,880 Shares of stock Note 16a 50,331 50,331 Total assets with related parties 225,872,412 205,357,389 Total consolidated assets 1,038,706,009 910,063,409 Percentage of total assets with related parties to total consolidated assets 21.75

22.56 Liabilities

Deposits from customers Demand depositswadiah demand deposit Note 21a 48,729,926 38,252,185 Saving depositswadiah saving deposit Note 22a 1,973,087 1,342,075 Time deposits Note 23a 46,271,999 37,257,210 Deposits from other banks Demand and saving deposits Note 24a 45,912 70,176 Time deposits Note 26a 286,210 - Inter-bank call money Note 25a 40,000 600,000 Derivative payables Note 11 10,058 3,095 Securities sold under repurchase agreements to repurchase Note 28 230,024 467,123 Acceptance payables Note 29a 2,481,708 606,737 Marketable securities issued Note 30 3,662,000 587,750 Fund borrowings Note 36 - 25,178 Subordinated loans Note 37 - 1,687,800 Total liabilities with related parties 103,730,924 80,899,329 Total consolidated liabilities 824,559,898 736,198,705 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 207

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