RELATED PARTY TRANSACTIONS 2004 06 Full Audited Financial Statements w Notes

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 152

59. RELATED PARTY TRANSACTIONS

a. Banking Activities in the Ordinary Course of Business In the ordinary course of its business, Bank Mandiri engages in significant transactions with the following related parties: Related by ownership: The Government of the Republic of Indonesia Related by ownership andor management: PT Semen Kupang Persero, PT Kertas Padalarang, PT Estika Sedaya Finance, PT Stacomitra Sedaya Finance, PT Bayu Beringin Lestari, PT Estika Jaya Kelola and PT Staco Bosowa Finance. Related by management andor key personnel: Bank Mandiri’s employees. June 30, 2004 June 30, 2003 April 30, 2003 Securities Note 8a 434,723 140,009 260,421 Government Recapitalization Bonds Note 9 102,277,668 137,033,139 150,332,380 Loans Note 13B.g 812,516 1,040,020 1,018,631 Interest refundable by the Government Note 17 25,267 25,267 25,267 Deposit made to State Treasury Note 17 - - 1,124,194 Total assets involving related parties 103,550,174 138,238,435 152,760,893 Total consolidated assets 234,686,433 257,772,327 261,285,909 Percentage of assets involving related parties to total consolidated assets 44.12 53.63 58.47 The percentages of securities, Government recapitalization bonds, Loans, and Deposits made to State Treasury for tax appeal and interest receivable from the Government compared to the total consolidated assets are as follows: June 30, 2004 June 30, 2003 April 30, 2003 Securities 0.18 0.05 0.10 Government Recapitalization Bonds 43.58 53.16 57.54 Loans 0.35 0.41 0.39 Interest refundable by the Government 0.01 0.01 0.01 Deposit made to State Treasury - - 0.43 44.12 53.63 58.47 Demand Deposits Note 18a 73,920 30,592 27,545 Saving Deposits Note 19b 18,799 3,367 2,406 Time Deposits Note 20f 304,617 1,600,040 1,813,676 Total liabilities involving related parties 397,336 1,633,999 1,843,627 Total consolidated liabilities 211,924,011 236,724,724 243,998,291 Percentage of liabilities involving related parties to total consolidated liabilities 0.19 0.69 0.75 Salary, allowances and bonuses of the Boards of Directors and Commissioners and Executive Officers Note 43 65,653 31,300 17,487 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 153

59. RELATED PARTY TRANSACTIONS continued