Public offering of securities of the Company

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 16

1. GENERAL continued d. Subsidiaries continued

i Direct subsidiaries: Percentage of effective Total assets Nature of business ownership interest before elimination date of incorporation Date of Subsidiaryplace of or acquisition by commercial December 31, September 30, December 31, September 30, incorporation the Company operation 2010 2011 2010 2011 PT Telekomunikasi Selular Telecommunication - 1995 65 65 57,343,376 57,881,326 “Telkomsel”, provides Jakarta, Indonesia telecommunication facilities and mobile cellular services using Global System for Mobile Communication “GSM” technology May 26, 1995 PT Multimedia Nusantara Multimedia and line 1998 100 100 1,872,689 1,896,485 “Metra”, Jakarta, telecommunication Indonesia servicesMay 9, 2003 PT Telekomunikasi Telecommunication 1995 100 100 1,757,023 2,189,009 Indonesia International July 31, 2003 “TII”, Jakarta, Indonesia PT Pramindo Ikat Telecommunication 1995 100 100 1,199,394 1,576,565 Nusantara construction and “Pramindo”, services Jakarta, Indonesia August 15, 2002 PT Infomedia Nusantara Data and information 1984 100 100 648,695 722,857 “Infomedia”, service - provides including including Jakarta, Indonesia telecommunication through through information services 49 49 and other information ownership ownership services in the form of by Metra by Metra print and electronic media and call center services September 22,1999 PT Dayamitra Telecommunication 1995 100 100 433,835 1,405,089 Telekomunikasi May 17, 2001 “Dayamitra”, Jakarta, Indonesia PT Indonusa Telemedia Pay television and 1997 100 100 343,192 533,647 “Indonusa”, content services including including Jakarta, Indonesia May 7, 1997 through through 0.8 0.54 ownership ownership by Metra by Metra PT Graha Sarana Duta Leasing of offices 1982 99.99 99.99 263,057 363,662 “GSD”, Jakarta, and providing building Indonesia management and maintenance services, civil consultant and developer April 25, 2001 PT Napsindo Primatel Telecommunication - 1999; ceased 60 60 4,910 4,910 Internasional provides Network operation on “Napsindo”, Access Point NAP, January 13, Jakarta, Indonesia Voice Over Data 2006 VOD and other related services December 29, 1998 PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 17

1. GENERAL continued d. Subsidiaries continued

ii Indirect subsidiaries: Percentage of effective Total assets Nature of business ownership interest before elimination date of incorporation Date of Subsidiaryplace of or acquisition by commercial December 31, September 30, December 31, September 30, incorporation the Company operation 2010 2011 2010 2011 PT Sigma Cipta Caraka Information technology 1988 100 100 503,476 571,073 “Sigma”, Tangerang, service - system through through Indonesia implementation and 100 100 integration service, ownership ownership outsourcing and by Metra by Metra software license maintenance May 1, 1987 PT Telekomunikasi Telecommunication 2008 100 through 100 through 256,294 357,120 Indonesia December 6, 2007 100 100 International Pte. Ltd., ownership by ownership by Singapore TII TII PT Balebat Dedikasi Prima PrintingOctober 1, 2003 2000 65 65 86,068 101,429 “Balebat”, Bogor, through through Indonesia 65 65 ownership by ownership by Infomedia Infomedia PT Finnet Indonesia Banking data and 2006 60 60 71,922 76,890 “Finnet”, Jakarta, communication through through Indonesia October 31, 2005 60 60 ownership ownership by Metra by Metra PT Administrasi Medika Heatlh insurance 2010 75 through 75 through 59,970 75,820 “Ad Medika”, administration services 75 75 Jakarta, Indonesia February 25, 2010 ownership by ownership by Metra Metra PT Metra-Net “Metra-Net” Multimedia portal 2009 100 through 100 through 42,031 45,315 Jakarta, Indonesia serviceApril 17, 2009 100 100 ownership by ownership by Metra Metra Telkomsel Finance B.V., Finance - established 2005 65 through 65 through 7,687 7,548 “TFBV”, Amsterdam, in 2005 for the 100 100 The Netherlands purpose of borrowing, ownership by ownership by lending and Telkomsel Telkomsel raising funds including issuance of bonds, promissory notes or debts February 7, 2005 Telekomunikasi Indonesia Telecommunication 2010 100 through 100 through 2,640 40,613 International Ltd., December 8, 2010 100 100 Hongkong ownership by ownership by TII TII Aria West International Established to engaged 1996; ceased 100 through 100 through 311 311 Finance B.V. in rendering services operation on 100 100 “AWI BV”, in the field of trade July 31, 2003 ownership by ownership by The Netherlands and finance services TII TII June 3, 1996 Telekomunikasi Selular Finance - established 2002 65 through 65 through 65 19 Finance Limited to raise funds 100 100 “TSFL”, Mauritius for the development of ownership by ownership by Telkomsel’s business Telkomsel Telkomsel through the issuance of debenture stock, bonds, mortgages or any other securities April 22, 2002