Competition Risks Related to Our Cellular Business Telkomsel

Outstanding Balance as of December 31, 2014 Expected Maturity Date Fair value Original Currency million Rp Equiv. Rp million Rate 2015 2016 2017 2018 2019 Thereafter Rp million ASSETS Fixed Rate Cash and Cash Equivalents Time deposit Rupiah 11,531,450 11,531,450 4 - 11.5 11,531,450 - - - - - 11,531,450 U.S Dollar 279 3,460,434 0.03 - 3 3,460,434 - - - - - 3,460,434 Other Current Financial Assets Time deposit U.S Dollar 9 110,472 0.85 - 1.00 110,472 - - - - - 110,472 Available-for-sale-securities Rupiah 120,360 120,360 6.88 - 7.25 120,360 - - - - - 120,360 U.S Dollar 7 82,135 10.40 - 11.8 82,135 - - - - - 82,135 LIABILITIES Short-term Bank Loans Variable Rate Rupiah Principal 480,983 480,983 480,983 - - - - - 480,983 Interest U.S. Dollar Principal 100 1,244,000 1,244,000 - - - - - 1,244,000 Interest Fixed Rate Rupiah Principal 85,000 85,000 85,000 - - - - - 85,000 Interest Long Term Liabilities 1 Variable Rate Rupiah Principal 10,921,317 10,921,317 3,751,311 2,281,449 1,962,849 1,759,891 610,134 555,683 10,770,905 Interest 2,316,162 2,316,162 8 - 15 905,120 624,331 413,806 236,611 85,450 50,843 US Dollar Principal 56 692,552 299,676 219,813 127,168 30,407 15,488 - 687,484 Interest 1 13,495 1.14 - 6 6,441 4,382 1,946 604 122 - Fixed Rate based on the average three month deposit rate offered by the lenders; iii fixed interest rates on US Dollar deposits are based on average interest rates offered for three month placements by the various lending institutions where such deposits are located as of December 31, 2014 and iv the value of marketable securities is based on the value of such securities on December 31, 2014. However, these assumptions may change in the future. These assumptions are different from the rates used in our Consolidated Financial Statements; accordingly, amounts shown in the table may differ from the amounts shown in our Consolidated Financial Statements. 258 2014 Annual Report PT Telkom Indonesia Tbk Persero FINANCIAL AND PERF ORMANCE HIGHLIGHT MANA GEMENT REPOR T PREF A GENERAL INF ORMA TION OF TELK OM INDONE SIA MANA GEMENT’S DISCUSSION AND ANAL Y SIS CORPORA TE GO VERNANCE SOCIAL AND ENVIRONMENT AL RE SPONSIBILITY APPENDICE S Outstanding Balance as of December 31, 2014 Expected Maturity Date Fair value Original Currency million Rp Equiv. Rp million Rate 2015 2016 2017 2018 2019 Thereafter Rp million Rupiah Principal 3,789,068 3,789,068 1,026,059 44,034 44,225 43,678 261,042 2,370,030 3,836,942 Interest 1,821,871 1,821,871 5 - 11 357,768 282,238 277,654 273,217 268,862 362,132 US Dollar Principal 53 653,820 170,866 98,192 99,282 100,417 78,070 106,993 667,505 Interest 6 71,266 2 - 5 20,999 16,076 12,780 9,526 6,271 5,614 Japanese Yen Principal 7,679 795,849 79,585 79,585 79,585 79,585 79,585 397,924 829,079 Interest 1,250 129,575 3.10 24,049 21,643 19,115 16,648 14,181 33,939 Finance Leases Rupiah Principal 4,736,901 4,736,901 548,582 551,500 594,832 591,140 571,047 1,879,800 4,736,901 Interest 1,739,038 1,739,038 2.75 - 11.76 400,739 349,747 295,854 238,693 186,713 267,292 US Dollar Principal 4 52,574 22,977 22,671 6,514 412 - - 52,574 Interest 1 6,453 4 - 5.8 2,832 2,757 819 45 - - 1 Long-term liabilities consist of loans which are subject to interest; namely two-step loans, bonds and notes and long-term bank loans, which in each case include their maturities. 259 2014 Annual Report PT Telkom Indonesia Tbk Persero