MANAGEMENT STOCK OPTION PLAN

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 102

33. INTEREST INCOME

Interest income was derived from the following: 2008 2007 Loans 15,958,332 12,629,787 Government Bonds 7,798,646 7,418,237 Securities 1,624,862 1,759,699 Fees and commissions 839,750 695,800 Placements with Bank Indonesia and other banks 662,042 755,716 Others 452,605 669,310 27,336,237 23,928,549 Included in interest income from loans and other is syariah income for the years ended December 31, 2008 and 2007 amounting to Rp1,555,619 and Rp1,051,145, respectively, with details as follows: 2008 2007 Murabahah income 824,275 553,286 Musyarakah income 260,521 200,090 Others 470,823 297,769 1,555,619 1,051,145 34. INTEREST EXPENSE Interest expense was incurred on the following: 2008 2007 Time deposits 7,021,740 6,466,082 Savings deposits 2,578,878 2,310,034 Demand deposits 1,385,656 1,251,732 Fund borrowings 569,958 332,657 Securities issued 178,442 269,636 Subordinated loans 70,012 162,473 Others 81,751 207,580 11,886,437 11,000,194 Included in interest expense from time and savings deposits is syariah expense for the years ended December 31, 2008 and 2007 amounting to Rp793,049 and Rp307,424, respectively.

35. OTHER OPERATING INCOME - OTHERS

2008 2007 Penalty 64,036 90,911 Stamp duty income 45,362 42,823 Safety deposit box 20,461 18,801 Others 310,551 248,734 440,410 401,269 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 103

36. PROVISION FOR POSSIBLE LOSSES ON EARNING ASSETS

2008 2007 Provisionreversal of allowance for possible losses on: Current accounts with other banks Note 4e 71,072 2,731 Placements with other banks Note 5e 323,475 36,337 Securities Note 6g 58,416 22,773 Other receivables - trade transactions Note 8d 196,581 5,527 Securities purchased with agreements to resell Note 9b 14,387 25,000 Derivative receivables Note 10 2,501 467 Loans Note 11B.j 2,299,377 2,247,854 Acceptances receivable Note 12d 137,045 96,805 Investments in shares of stock Note 13c 339 318 2,986,361 2,113,994

37. REVERSAL OF ALLOWANCE FOR POSSIBLE LOSSES - OTHERS - NET

2008 2007 Reversalprovision of allowance for: Possible losses on legal cases Note 28 31,133 106,619 Possible losses on fraud cases 12,778 107 Others assets Note 15 151,530 208,072 Others 254 1,783 170,139 313,015

38. GAINSLOSSES FROM INCREASEDECREASE IN VALUE OF SECURITIES AND GOVERNMENT BONDS

2008 2007 Securities 1,450 15,129 Government Bonds 36 29,190 1,486 14,061 39. GAINSLOSSES FROM SALE OF SECURITIES AND GOVERNMENT BONDS 2008 2007 Securities 23,917 43,504 Government Bonds 30,144 184,994 54,061 228,498