OTHER LIABILITIES continued Bank Mandiri Tbk (english)

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 89

29. SUBORDINATED LOANS continued

Two-Step Loans TSL continued b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF-OECF continued The drawdowns on the above AJDF-OECF facilities are repayable within twenty years after the first drawdown inclusive of a 5-year grace period, in thirty semi-annual installments starting August 15, 1998 and ending on February 15, 2013. The PAE facility is subject to a variable interest rate determined every six months based on the prevailing average interest rate for the past six months of the three-month Certificates of Bank Indonesia, less 5 per annum. The SSI facility is subject to a variable interest rate determined every six months based on the prevailing average interest rate for the six months of the three-month Certificates of Bank Indonesia, less 2.5 per annum. c ASEAN Japan Development Fund - Export - Import Bank of Japan AJDF-EBJ This account represents a credit facility obtained from the AJDF-EBJ to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia , which re-lent the proceeds to participating banks to finance investment projects and working capital requirements of small-scale industries. The credit facility, which amounts to Rp9,560, is repayable in 24 semi-annual installments within fifteen years after the date of the first drawdown inclusive of a 3-year grace period, with the first installment starting on December 15, 1997. The facility is subject to an interest rate determined every six months based on the prevailing average interest rate for the past six months for three-month Certificates of Bank Indonesia. d Asian Development Bank ADB This account represents credit facilities from the ADB to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows: Credit Facility Purpose Repayment Period ADB 1327-INO SF To finance micro Industry. On January 15, 2005 - July 15, 2029 with 1 st installment on January 15, 2005 ADB Perkebunan Nusantara XII and Nescoco Inti To finance Government projects in funding credit for projects of plantation industry. On February 15, 1989 - September 15, 2008 with 1 st installment on March 15, 1995 The details of credit facilities from Asian Development Bank ADB are as follows: 2008 2007 a ADB Loan 1327 - INO 229,635 203,864 b ADB Perkebunan Nusantara XII Nescoco Inti - 688 229,635 204,552 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 90

29. SUBORDINATED LOANS continued