BANK LOANS continued FS30Sep08EngFinal1

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 58

23. BANK LOANS continued

d. Citibank 1. Hermes Export Facility On December 2, 2002, pursuant to the partnership agreement with Siemens Aktiengesellschaft “AG” Note 49a.ii, Telkomsel entered into the Hermes Export Facility Agreement “Facility” with Citibank International plc as “Original Lender” and “Agent” and Citibank, Jakarta branch “Arranger” covering a total facility of Euro76.2 million divided into several tranches. The agreement was subsequently amended on October 15, 2003, amending the Facility amount to Euro73.4 million and the payment dates. The Facility bears interest rate based on the Euro Interbank Offered Rate EURIBOR plus 0.75 per annum 4.99 per annum as of September 30, 2007 and was unsecured. Interest was payable semi-annually, starting on the utilization date of the Facility May 29, 2003. As of September 30, 2007 the outstanding balance was Euro14.6 million equivalent to Rp.189,840 million and on June 30, 2008, the loan was fully repaid. In addition to interest, Telkomsel was also charged an insurance premium for the guarantee given by Hermes in favor of Telkomsel for each loan utilization, 15 of which was paid in cash. The remaining balance was settled through utilization of the facility. 2. High Performance Backbone “HP Backbone” Loans a. On April 10, 2002, the Company entered into a loan agreement with Citibank “Arranger” and Citibank International plc “Agent”, which was supported by an export credit guarantee of Hermes Kreditversicherungs AG “Lender” and “Guarantor”, providing a total facility of US23.4 million. The facility which was unsecured, was obtained to finance up to 85 of the cost of supplies and services sourced in Germany relating to the design, manufacture, construction, installation and testing of high performance backbone networks in Sumatra pursuant to the “Partnership Agreement” dated November 30, 2001, with Pirelli Cables and Siemens Indonesia for the construction and provision of a high performance backbone in Sumatra. The lender required a fee of 8.4 of the total facility, 15 of which was paid in cash and 85 was included in the loan balance. As of September 30, 2007 and 2008, the outstanding loan was US6.3 million equivalent to Rp.57,526 million and US2.1 million equivalent to Rp.19,773 million, respectively. The loan is payable in 10 semi-annual installments beginning in April 2004 with interest at a rate equal to the six-month London Interbank Offered Rate LIBOR plus 0.75 per annum 3.47 per annum and 6.09 per annum as of September 30, 2007 and 2008, respectively. b. On April 10, 2002, the Company entered into a loan agreement with Citibank “Arranger” and Citibank International plc “Agent”, which was supported by an export credit guarantee obtained from Servizi Assicurativi del Commercio Estero “SACE Italy” providing a total maximum facility to US21.0 million. The facility which was unsecured, was used to finance up to 85 of material and services procured in Italy in connection with the design, manufacture, development, installation and testing of Sub-System VI, as part of HP Backbone network. The loan bore a fixed interest rate of 4.14 per annum payable in 10 semi-annual installments beginning in December 2003. Total principal outstanding as of September 30, 2007 was US3.7 million equivalent to Rp.33,960 million and on June 30, 2008, the loan was fully repaid. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 59

23. BANK LOANS continued