GENERAL continued c. Public offering of securities of the Company continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 11

1. GENERAL continued d. Subsidiaries

As of March 31, 2017 and December 31, 2016, the Company has consolidated the following directly or indirectly owned subsidiaries Notes 2b and 2d: i Direct subsidiaries : Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Year of start of commercial operations Percentage of ownership interest Total assets before elimination March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 PT Telekomunikasi Selular “Telkomsel”, Jakarta, Indonesia Telecommunication - provides telecommunication facilities and mobile cellular services using Global Systems for Mobile Communication “GSM” technology May 26, 1995 1995 65 65 92,805 89,781 PT Multimedia Nusantara “Metra”, Jakarta, Indonesia Network telecommunication services and multimedia May 9, 2003 1998 100 100 12,462 10,020 PT Dayamitra Telekomunikasi “Dayamitra”, Jakarta, Indonesia Telecommunication May 17, 2001 1995 100 100 11,331 10,689 PT Telekomunikasi Indonesia International “TII”, Jakarta, Indonesia Telecommunication July 31, 2003 1995 100 100 7,831 7,147 PT Telkom Akses “Telkom Akses”, Jakarta, Indonesia Construction, service and trade in the field of Telecommunication November 26, 2012 2013 100 100 4,901 5,098 PT Graha Sarana Duta “GSD”, Jakarta, Indonesia Leasing of offices and providing building management and maintenance services, civil consultant and developer April 25, 2001 1982 99,99 99,99 4,411 4,333 PT PINS Indonesia “PINS” Jakarta, Indonesia Telecommunication construction and services August 15, 2002 1995 100 100 3,190 3,146 PT Infrastruktur Telekomunikasi Indonesia “Telkom Infratel”, Jakarta, Indonesia Construction, service and trade in the field of telecommunication January 16, 2014 2014 100 100 1,227 1,015 PT Patra Telekomunikasi Indonesia “Patrakom”, Jakarta, Indonesia Telecomunication - provides satellite communication system, services and facilities September 28, 1995 1996 100 100 510 472 PT Metranet “Metranet”, Jakarta, Indonesia Multimedia portal service April 17, 2009 2009 100 100 403 370 PT Jalin Pembayaran Nusantara “Jalin”, Jakarta, Indonesia Payment services - principal, switching, clearing and settlement activities November 3, 2016 2016 100 100 45 15 PT Napsindo Primatel Internasional “Napsindo”, Jakarta, Indonesia Telecommunication - provides Network Access Point NAP, Voice Over Data VOD and other related services December 29, 1998 1999; ceased operations on January 13, 2006 60 60 5 5 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 12

1. GENERAL continued d. Subsidiaries continued