DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued

These consolidated financial statements are originally issued in Indonesian language. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2006 With Comparative Figures For 2005 Expressed in millions of Rupiah, unless otherwise stated 71

21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued

c. Average Interest Rates and Range of Profit Sharing Per Annum: continued Range of profit sharing per annum on mudharabah time deposits: 2006 2005 Rupiah 5.58 - 8.53 6.42 - 8.31 Foreign Currency 1.20 - 3.55 1.40 - 3.46 d. As of December 31, 2006 and 2005, the Bank had no time deposits from related party banks. e. As of December 31, 2006 and 2005, time deposits from other banks which are frozen and blocked as bank guarantees, loan collateral and trade finance facilities amounted to Rp11,721 and Rp4,893, respectively. f. In the second quarter of year 2005, Bank has entered into two callable parallel deposit transactions with counterparty bank relating to the sale contract of Government Recapitalization Bonds. Such contract was initiated when the Bank transferred Government Recapitalization Bonds to Counterpart Bank and received the fund from the proceeds in Rupiah. A portion of the total transfer proceeds amounting to Rp1,268,000 was placed back as deposit to counterparty bank and then the Bank received US Dollar loan amounting to US100 million full amount. The details of callable parallel deposits contracts are as follows: Deposit Effective Date Maturity Date Beginning Balance Ending Balance Interest Rate Rupiah May 16, 2005 June 20, 2013 634,000 1,493,110 11.17 United States Dollar May 17, 2005 June 15, 2013 US50 million full amount US50 million full amount 3 months LIBOR + spread Rupiah June 3, 2005 December 20, 2013 634,000 1,540,310 11.00 United States Dollar June 8, 2005 December 15, 2013 US50 million full amount US50 million full amount 3 months LIBOR + spread Zero Coupon Deposits The deposit was funded from a portion of fund received from transfer proceeds of Government Recapitalization Bonds to counterparty bank. These consolidated financial statements are originally issued in Indonesian language. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2006 With Comparative Figures For 2005 Expressed in millions of Rupiah, unless otherwise stated 72

21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued