Fixed Assets Revaluation Reserve

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5123 34. MANAGEMENT STOCK OPTION PLAN continued MSOP Stage 3 continued Number of options exercised for the year ended 31 December 2009 amounting to 64,469,017 options Notes 33a and 33b which consist of MSOP Stage 2 and MSOP Stage 3 amounting to 86,800 options and 64,382,217 options, respectively Number of options exercised for the year ended 31 December 2008 amounting to 92,882,614 options Notes 33a and 33b which consist of MSOP Stage 1, MSOP Stage 2 and MSOP Stage 3 amounting to 4,835,783 options, 55,110 options and 87,991,721 options, respectively. In relation to Bank Mandiri’s plans to undertake Rights Issue, 11,649,602 options and 3,224,264 options of MSOP Stage 3 have been exercised on 4 November 2010 and 14 December 2010, respectively. The last period of MSOP Stage 3 execution was brought forward from 4 May 2011 to 14 December 2010. This particular change is in relation with Bank’s plan to undertake a Limited Public Offering Note 60. As at 31 December 2010, there is no outstanding stock option. A summary of the Management Stock Option Plan and the movements during the periods full amount: 31 December 2010 Weighted average Weighted average fair excercise price of Number of value of options options options full amount full amount Value of options Options outstanding at beginning of the year 26,665,367 606.54 1,755.97 16,174 Options exercised during the year 26,377,937 606.15 1,747 .98 15,989 Options have been expired 287,430 642.09 2,489.09 185 Options that can be exercised at the end of the year - - - - 31 December 2009 Weighted average Weighted average fair excercise price of Number of value of options options options full amount full amount Value of options Options outstanding at beginning of the year 91,134,384 597.64 1,572.36 54,465 Options exercised during the year 64,469,017 593.96 1,496.42 38,291 Options that can be exercised at the end of the year 26,665,367 606.54 1,755.97 16,174 31 December 2008 Weighted average Weighted average fair excercise price of Number of value of options options options full amount full amount Value of options Options outstanding at beginning of the year 187,234,826 573.18 1,500.62 107,320 Options exercised during the year 92,882,614 566.63 1,456.49 52,630 Options have been expired 3,217,828 69.71 742.50 225 Options that can be exercised at the end of the year 91,134,384 597.64 1,572.36 54,465