MATURITIES OF LONG-TERM LIABILITIES continued

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010 SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated 57

22. NOTES continued

a. MTN Metra continued The first interest for second phase MTN is set together by the Issuer and Arranger at 12.01 which will be paid on May 2, 2010, while for the second and forward will be set by the Trustee with considering the requirement stated in the main agreement. Metra secures with a minimum value of 40 of the outstanding MTN principal. The maximum value of 60 of the outstanding MTN principal is unsecured and at all times ranked pari passu with other unsecured debts of Metra. Metra may buy back all or part of the MTN at any time before the maturity date of the MTN. Based on the agreements, Metra is required to comply with all covenants or restrictions including maintaining financial ratios as follows: 1. Debt to Equity maximum 1.5:1 2. EBITDA to Interest Ratio minimum 2.5. As of June 30, 2010, Metra complied with the above mentioned ratios. b. MTN Sigma On October 16, 2009, Sigma entered into an agreement with Bahana Securities acting as “Arranger” and Bank Mega acting as “Trustee” to issue MTN for a total principal amount of Rp.30,000 million. KSEI acting as Collecting Agent and Custodian. Proceeds from issuance of MTN were used to expand the business. MTN are scheduled to be issued in 1 one phase with limited placement for a maximum amount of Rp.30,000 million with repayment at the latest in 5 five years after the Issuance Date, which will mature on November 17, 2014. Interest on MTN is payable semi-annually beginning from the Issuance Date, through the Due Date. The MTN bear interest rates, for the first year of 14.5 from the Issuance Date, for the second up to the fifth years from the Issuance Date based upon the average interest rate on one- month SBI plus 800 basis points premium, calculated on the basis of the average interest rates of one-month SBI in the last 6 months at the time of the determination of the interest of MTN. MTN are not secured by a specific collateral, but secured by all Sigma’s assets which are movable property or fixed property, either existing or in the future will become collateral for MTN holders and at all times ranked pari passu without any preference with other creditor previleges in accordance with prevailing regulations. Based on the agreements, Sigma is required to comply with all covenants or restrictions including maintaining financial ratios as follows: 1. Debt to Equity maximum 2.5:1 2 Funded debt and maximum of five times EBITDA in 2009, three and a half times in 2010 and two and a half times in 2011. As of June 30, 2010, Sigma complied with the above mentioned ratios.