NOTES AND BONDS continued BANK LOANS

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated - 68

24. BANK LOANS continued

b. Citibank N.A .continued 1. Hermes Export Facility continued The agreement was subsequently amended on October 15, 2003, amending the Facility amount to EUR73.4 million and repayment dates. The interest rate per annum on the Facility is determined based on the aggregate of the applicable margin, EURIBOR and mandatory cost, if any i.e., 2.96 as of December 31, 2004 and 3.33 as of December 31, 2005. Interest is payable semi-annually, starting on the utilization date of the Facility May 29, 2003. As of December 31, 2004 and 2005, the outstanding balance was EUR51.4 million Rp649,758 million and EUR36.7 million Rp427,718 million, respectively. The schedule of the principal payments on this long-term loan as of December 31, 2005 is as follows: Amount EUR Rupiah Year in millions Equivalent 2006 14.7 171,087 2007 14.7 171,087 2008 7.3 85,544 36.7 427,718 2. High Performance Backbone “HP Backbone” Loans a. On April 10, 2002, the Company entered into a “Loan Agreement” with Citibank N.A. Arranger and Citibank International plc Agent, which was supported by an export credit guarantee of Hermes Kreditversicherungs AG Lender and Guarantor, providing a total facility of US23.4 million. The facility was obtained to finance up to 85 of the cost of supplies and services sourced in Germany relating to the design, manufacture, construction, installation and testing of high performance backbone networks in Sumatra pursuant to the “Partnership Agreement” dated November 30, 2001, with PT Pirelli Cables Indonesia and PT Siemens Indonesia for the construction and provision of a high performance backbone in Sumatra. The lender required a fee of 8.4 of the total facility. This fee is paid twice during the agreement period, 15 of the fee is required to be paid in cash and 85 is included in the loan balance. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated - 69

24. BANK LOANS continued