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PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 134

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Pension Plan continued The projected benefit obligations and fair value of plan assets as of December 31, 2004 are as follows: DPBM I DPBM II DPBM III DPBM IV Projected Benefit Obligations 928,878 881,941 589,821 296,543 Fair Value of Plan Assets 1,254,763 1,271,452 676,450 402,902 Surplus 325,885 389,511 86,629 106,359 The projected benefit obligations and fair value of plan assets as of December 31, 2003 are as follows: DPBM I DPBM II DPBM III DPBM IV Projected Benefit Obligations 958,312 905,092 542,065 291,637 Fair Value of Plan Assets 1,186,701 1,207,970 664,899 391,634 Surplus 228,389 302,878 122,834 99,997 The projected benefit obligations and fair value of plan assets as of April 30, 2003 are as follows: DPBM I DPBM II DPBM III DPBM IV Projected Benefit Obligations 1,089,825 1,065,625 579,064 329,853 Fair Value of Plan Assets 1,157,794 1,164,513 617,404 379,790 Surplus 67,969 98,888 38,340 49,937 One defined contribution pension program Program Pensiun Iuran Pasti is for permanent employees of PT Bank Syariah Mandiri BSM, a subsidiary. The members are employees under the age of 56 fifty-six years. The program, which commenced in March 2002, is managed by PT Asuransi Jiwa Manulife Indonesia formerly PT Principal Indonesia Financial Institution Pension Fund “Dana Pensiun Lembaga Keuangan Principal Indonesia”, DPLK-PI. The employees’ pension contribution is 5, whilst the employer contributes 10 of the monthly employees’ Gross Pension Salary PhDP. The total cash contributions received by DPLK-PI amounted to Rp2,145, Rp767 and Rp680, for the year ended December 31, 2004, the eight-month period ended December 31, 2003, and the four-month period ended April 30, 2003, respectively. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 135

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