LONG TERM PLAN CORPORATE GOVERNANCE

PT Bank Mandiri Persero Tbk. 4. Non Organic Business growth Plan Bank Mandiri continues to make eforts in the non- organic business growth, including the opportunity for mergers acquisitions, joint venture establishmens and synergy optimization with the subsidiaries. It aims to streamline and conduct development of segments, distribution and certain products. In 2013, Bank Mandiri will again plan for non-organic growth initiatives in areas that are potential to improve bank business growth and provide for the synergy for the entire Bank Mandiri Business Groups’ ventures, through the supervision and optimization of subsidiaries. In addition, to support the aspirations of Bank Mandiri aspirations to be the most innovative and diverse inancial solutions provider, Bank Mandiri continues to explore growth opportunities by non-organic means through mergers or acquisitions of the inancial institutions. Bank Mandiri will also review and assess the acquisitions of midsize banks in the move to solidify the Bank penetration and business growth in segments that represent the bank’s core businesses. Bank Mandiri is seeking to drive the branchless banking initiative to serve the unbanked segments that currently are not served by the inancial services. Branchless Banking represents the integration of agent banking and mobile banking with e-money based methods. On agent banking, the Bank is cooperating with non-bank companies as agents that represent the bank in ofering inancial products and services. This method will help the communities in rural areas to access the inancial services. Currently, in general, the communities in rural areas have severe limitations in accessing banking branch networks.

C. SHORT TERM PLAN

Bank Mandiri key focus in 2013, represents the fourth year of Corporate Plan 2010-2014 implementation. The focus is on business and proitability growth with the expectation to surpass above market growth and to be the market leader. Towards that end, Bank Mandiri has targeted the inancial milestones in 2014 as follows: 1. The biggest market capitalization in Indonesia and Top 5 Bank with biggest capitalization in South East Asia. 2. Market Share Revenue improvements. 3. ROA and ROE improvements. 4. With aggressive business growth, the Bank has to also maintain its assets quality. Based on the inancial milestones, Bank Mandiri has formulated ten key priorities for 2013, which are: 1. Improvement of loans and low cost funds market shares aligned with the loans annual growth; third party funds collection; and low cost funds collection. 2. Signiicant improvement of Work Units Satker that are banking in Bank Mandiri supported by the account plan strategy. With the improvement, the account payrolls will signiicantly grow. CORPORATE GOVERNANCE PT Bank Mandiri Persero Tbk. 3. Improvement of low cost funds ratio by the support of current accounts and savings growth. with this improvement, the Mandiri Business Savings is expected to signiicantly grow. 4. Improvement of fee income ratio especially from wholesale fee increments that is derived from trade transactions, treasury, and retail transactions primarily from electronic channels. 5. Infrastructure development such as ATM and EDC, networks in the country, micro network, business banking network, and consumer inance network, by maintaining revenue growth above the cost growth so as to control the eiciency ratio CER. 6. Improvement of employee engagement and productivity compared with previous year both in business units as well as supporting units. 7. The sharpening of focus and prioritizing of IT projects that in the future will take into account non- CAPEX spending of IT especially for the branch development as well as HR enhancement facilities. 8. Implementation of Jiwa services and continuation of cultural transformation to maintain the irst rank in MRI service quality. 9. Optimization of alliances synergy with subsidiaries, which are PT Bank Syariah Mandiri, PT Mandiri Sekuritas, PT Bank Sinar Harapan Bali, PT AXA Mandiri Financial Service, PT Mandiri Tunas Finance, and Mandiri International Remittance. 10. Improvement of Bank Mandiri consolidated proit so as to maintain the ROE above that of the previous year.