Public offering of securities of the Company

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2017 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 11

1. GENERAL continued d. Subsidiaries

As of June 30, 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 June 30, 2017 December 31, 2016 June 30, 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 80,931 89,781 PT Multimedia Nusantara “Metra”, Jakarta, Indonesia Network telecommunication services and multimedia May 9, 2003 1998 100 100 13,042 10,020 PT Dayamitra Telekomunikasi “Dayamitra”, Jakarta, Indonesia Telecommunication May 17, 2001 1995 100 100 11,470 10,689 PT Telekomunikasi Indonesia International “TII”, Jakarta, Indonesia Telecommunication July 31, 2003 1995 100 100 7,509 7,147 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 4,776 4,333 PT Telkom Akses “Telkom Akses”, Jakarta, Indonesia Construction, service and trade in the field of Telecommunication November 26, 2012 2013 100 100 4,565 5,098 PT PINS Indonesia “PINS” Jakarta, Indonesia Telecommunication construction and services August 15, 2002 1995 100 100 3,449 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 1,545 1,015 PT Patra Telekomunikasi Indonesia “Patrakom”, Jakarta, Indonesia Telecomunication - provides satellite communication system, services and facilities September 28, 1995 1996 100 100 527 472 PT Metranet “Metranet”, Jakarta, Indonesia Multimedia portal service April 17, 2009 2009 100 100 441 370 PT Jalin Pembayaran Nusantara “Jalin”, Jakarta, Indonesia Payment services - principal, switching, clearing and settlement activities November 3, 2016 2016 100 100 200 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 As of June 30, 2017 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 12

1. GENERAL continued d. Subsidiaries continued

ii Indirect subsidiaries: Year of start of commercial operations Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Percentage of ownership interest Total assets before elimination June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 PT Sigma Cipta Caraka “Sigma”, Tangerang, Indonesia Information technology service - system implementation and integration service, outsourcing and software license maintenance May 1,1987 1988 100 100 6,187 4,289 Telekomunikasi Indonesia International Pte. Ltd., Singapore Telecommunication December 6, 2007 2008 100 100 2,867 2,566 PT Infomedia Nusantara “Infomedia”, Jakarta, Indonesia Data and information service - provides telecommunication information services and other information services in the form of print and electronic media and call center services September 22,1999 1984 100 100 2,279 1,860 PT Telkom Landmark Tower “TLT”, Jakarta, Indonesia Service for property development and management February 1, 2012 2012 55 55 1,836 1,683 PT Finnet Indonesia “Finnet”, Jakarta, Indonesia Information technology services October 31, 2005 2006 60 60 1,147 629 PT Metra Digital Media “MD Media”, Jakarta, Indonesia Directory information services January 22, 2013 2013 99,99 99,99 767 684 Telekomunikasi Indonesia International “TL” S.A., Dili, Timor Leste Telecommunication September 11, 2012 2012 100 100 706 755 Telekomunikasi Indonesia International Ltd., Hong Kong Telecommunication December 8, 2010 2010 100 100 498 441 PT Metra Digital Investama “MDI”, Jakarta, Indonesia Trading andor providing service related to information and tehnology multimedia, entertainment and investment January 8, 2013 2013 99.99 99.99 491 331 PT Nusantara Sukses Investasi ”NSI”, Jakarta, Indonesia Service and trading September 1, 2014 2014 99,99 99,99 297 227 PT Administrasi Medika “Ad Medika”, Jakarta, Indonesia Health insurance administration services February 25, 2010 2002 100 100 279 204 PT Metra Plasa “Metra Plasa”, Jakarta, Indonesia Network e-commerce services April 9, 2012 2012 60 60 274 325 PT Melon “Melon”, Jakarta, Indonesia Digital content exchange hub services November 14, 2016 2010 100 100 208 178