LOANS continued 2003 12 Full Audited Financial Statements w Notes

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated 60

11. LOANS continued

B. Significant information related to loans: f. Restructured Loans Below is the type and amount of restructured loans as of December 31, 2003, April 30, 2003 and December 31, 2002: December 31, April 30, December 31, 2003 2003 2002 Long-term loans with option to convert debt to equity 2,144,920 2,344,133 2,431,942 Additional loan facilities 381,227 278,365 557,500 Extension of loan maturity dates 13,160,740 15,826,455 16,633,202 Extension of loan maturity dates and reduction of interest rates 2,342,289 2,835,903 2,932,473 Extension of loan maturity date and other restructuring schemes 5,958,373 7,138,343 6,986,589 23,987,549 28,423,199 29,541,706 Other restructuring schemes mainly represent restructuring schemes involving one or more of the following: reduction of interest rate, rescheduling of unpaid interest and extension of repayment period of unpaid interest. Total restructured loans under non-performing loans NPL category as of December 31, 2003, April 30, 2003 and December 31, 2002 amounted to Rp2,398,390, Rp4,007,665 and Rp3,330,121, respectively. g. Loans to Related Parties Loans to related parties amounted to Rp1,024,044, Rp1,023,251 and Rp849,259 as of December 31, 2003, April 30, 2003 and December 31, 2002, respectively, or 0.41, 0.39 and 0.34 of total assets as of December 31, 2003, April 30, 2003 and December 31, 2002, respectively. Details of loans given to related parties are as follows: December 31, April 30, December 31, 2003 2003 2002 Republic of Indonesia 402,381 412,532 261,334 PT Semen Kupang Persero 371,802 372,444 352,300 PT Stacomitra Sedaya Finance 137,989 68,222 66,298 PT Estika Sedaya Finance 67,358 63,333 67,931 PT Staco Bosowa Finance - 65,467 56,712 Originated from conversion of debt to equity. These are subsidiaries of the Bank’s pension fund. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated 61

11. LOANS continued