DEPOSITS FROM OTHER BANKS - DEMAND DEPOSITS continued

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 72

21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued

The details of Callable Parallel Deposits contracts are as follows: Deposit Effective Date Maturity Date Beginning Balance Ending Balance Interest Rate Rupiah May 16, 2005 June 20, 2013 634,000 1,493,110 11.87 United States Dollar May 17, 2005 June 15, 2013 US50 million full amount US50 million full amount 3 months LIBOR + spread Rupiah June 3, 2005 December 20, 2013 634,000 1,540,310 11.00 United States Dollar June 8, 2005 December 15, 2013 US50 million full amount US50 million full amount 3 months LIBOR + spread Zero Coupon Deposits The deposit was funded from a portion of fund received from transfer proceeds of Government of Republic of Indonesia Recapitalization Bonds to Deutsche Bank. Based on the agreement Deutsche Bank has option rights to pre-terminate the transaction by early terminationwithdrawal of the Rupiah and US Dollar deposits on any of the redemption date each year. The Agreement requires the Bank to add top up Rupiah deposit placement to Deutsche Bank during the period of transaction based on the movement of Rupiah against US Dollar spot rate. Based on the agreement, Deutsche Bank could also pre-terminate the agreement in the event of Trigger Events and Unwind Events, as follows : a. Spot USDIDR exchange rate, as solely determined by Deutsche Bank, is at or above Rp11,000USD b. The Credit Rating of the foreign currency long-term debt of the Republic of Indonesia is lower than specified rating or no longer rated by any rating agency. c. Any event of default or restructuring on any of the foreign currency long-term debt of the Republic of Indonesia. d. The Bank default on any of the additional top up deposit requires by the agreement. In the event that Deutsche Bank exercises its right to early terminate the transactions due to the occurrence of Unwind Event, the Bank is required to pay Unwind cost to Deutsche Bank as will be solely determined by Deutsche Bank. If the transaction is early terminated due to the occurrence of Trigger Event, Deutsche Bank may opt to return the transferred Government Recapitalization Bonds. As of December 31, 2005, on the Bank’s balance sheet the US Dollar deposits from Deutsche Bank is recognized as Deposit from Other Banks – Time Deposit, while the Rupiah deposits, considering that the sales has not yet meet the Government Recapitalization Bonds sales recognition requirement, are presented as Government of Republic of Indonesia Recapitalization Bonds Note 7. 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 73

22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE

As of December 31, 2005, securities sold with agreements to repurchase are as follows : Securities Nominal Value Commen- cement Date Maturity Date Repurchase Value Unamortized Prepaid Interest Expense Net Value Rupiah Recap bonds FR0019 231,028 11032004 11032009 285,060 - 285,060 Recap bonds VR0017 289,859 11042004 11042009 284,062 - 284,062 Recap bonds VR0019 355,652 05182005 05182010 316,356 - 316,356 Recap bonds VR0013 617,500 06072005 01072008 617,500 - 617,500 Recap bonds VR0019 63,982 12052005 01042006 56,595 79 56,516 Recap bonds VR0019 57,127 12152005 01162006 50,578 289 50,289 Recap bonds VR0019 114,550 12222005 01192006 100,994 673 100,321 Recap bonds VR0019 114,550 12282005 01092006 100,398 297 100,101 Recap bonds VR0019 114,548 12292005 01302006 101,134 1,063 100,071 Recap bonds FR 02 30,000 10202005 01202006 29,108 114 28,994 Recap bonds FR 13 20,000 10202005 01202006 21,202 196 21,006 Recap bonds FR 20 1,000 12132005 01112006 999 2 997 Recap bonds FR 13 25,000 12142005 01162006 25,060 173 24,887 Recap bonds FR 02 20,000 12152005 01162006 20,258 129 20,129 Recap bonds FR 02 30,000 12232005 01232006 30,469 279 30,190 Foreign Currency SN BMRI 9,830 10282005 01302006 9,992 51 9,941 Total 2,094,626 2,049,765 3,345 2,046,420 The agreements to repurchase Government Recapitalization Bonds with Standard Chartered Bank serial numbers VR0013 and VR0017 and HSBC serial number FR0019 and VR0019 are associated with funding of foreign currency with cross currency swap transactions with the respective counterparties. There is no premium or discount on these contracts. As of September 1, 2005, Bank executed call option of its agreements to repurchase Government Recapitalization Bonds with Deutsche Bank serial numbers VR0010. The Bank already repurchased the Government Recapitalization Bonds. As of December 31, 2004, securities sold with agreements to repurchase were as follows: Securities Nominal Value Commen- cement Date Maturity Date Repurchase Value Unamortized Prepaid Interest Expense Net Value Rupiah Recap bonds VR0010 1,312,361 05092003 10252006 1,305,000 - 1,305,000 Recap bonds VR0013 1,037,500 06042003 06062005 1,037,500 - 1,037,500 Recap bonds FR0019 231,028 11032004 11032009 285,060 - 285,060 Recap bonds VR0017 289,859 11042004 11042009 284,062 - 284,062 Bonds 1,003 12222004 01052005 1,003 - 1,003 Bonds 1,007 12102004 01102005 1,007 - 1,007 Total 2,872,758 2,913,632 - 2,913,632 The agreements to repurchase Government Recapitalization Bonds with Deutsche Bank serial numbers VR0010 and Standard Chartered Bank serial numbers VR0013 are associated with cross currency swap transactions with the respective counterparties. There is no premium or discount on these contracts. Bank Mandiri pre-terminate the agreement to repurchase with Bank Mega amounted to Rp2,000,000 from the contractual schedule on September 11, 2005 and September 25, 2005.