Pension PENSION AND OTHER POST-RETIREMENT BENEFITS December 31, March 31,

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 90

41. PENSION AND OTHER POST-RETIREMENT BENEFITS

continued

a. Pension continued

1. The Company continued The movement of the accrued pension benefits costs for the years ended December 31, 2010 and three months period ended March 31, 2011, is as follows: December 31, March 31, 2010 2011 Accrued pension benefits costs at beginning of year 410,209 61,044 Net periodic pension cost less amounts charged to subsidiaries 430,170 96,053 Amounts charged to subsidiaries under contractual agreements 1,484 362 Employer’s contributions 780,819 48,089 Benefits paid by the Company - 39,492 Accrued pension benefits costs at end of period 61,044 69,878 As of December 31, 2010 and March 31, 2011, plan assets consisted mainly of Indonesian Government bonds and corporate bonds. As of December 31, 2010, plan assets included Series B shares and bonds issued by the Company with fair value totaling Rp.268,801 million and Rp.155,700 million, respectively, representing 1.78 and 1.03 of total assets of Dapen as of December 31, 2010, respectively. As of March 31, 2011, plan assets included Series B shares and bonds issued by the Company with fair value totaling Rp.257,587 million and Rp.151,950 million, respectively, representing 1.89 and 1.11 of total assets of Dapen as of March 31, 2011, respectively. The actuarial valuation for the defined benefit pension plan and the other post-retirement benefits Note 41b was performed based on the measurement date as of December 31, 2009 and 2010, with reports dated March 30, 2010 and March 15, 2011, respectively, by PT Towers Watson Purbajaga “TWP” formerly PT Watson Wyatt Purbajaga, an independent actuary in association with Towers Watson “TW” formerly Watson Wyatt Worldwide. The principal actuarial assumptions used by the independent actuary as of December 31, 2009 and 2010, are as follows: December 31, December 31, 2009 2010 Discount rate 10.75 9.5 Expected long-term return on plan assets 10.5 9.7 Rate of compensation increases 8 8 PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 91

41. PENSION AND OTHER POST-RETIREMENT BENEFITS