2015 March 2015 FS ENGLISH Q1 2016

12 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated Table of Contents

1. GENERAL continued

d. Subsidiaries continued

i Direct subsidiaries : continued Percentage of ownership interest Total assets before elimination Subsidiaryplace of incorporation Nature of business date of incorporation or acquisition by the Company Year of start of commercial operations March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015 PT Napsindo Primatel Internasional “Napsindo”, Jakarta, Indonesia Telecommunication - provides Network Access Point NAP, Voice Over Data VOD and other related servicesDecemb er 29, 1998 1999; ceased operations on January 13, 2006 60 60 5 5 ii Indirect subsidiaries: . Percentage ofownership interest, Total assets before elimination Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Year of start of commercial operations March 31, 2016 December

31, 2015 March

31,2016 December

31, 2015

PT Sigma Cipta Caraka “Sigma”, Tangerang, Indonesia Information technology service – system implementation and integration servic, eoutsourcing and software license maintenanceMay 1,1987 1988 100 100 3,923 3,587 Telekomunikasi Indonesia International Pte. Ltd., Singapore TelecommunicationDecember 6, 2007 2008 100 100 1,776 1,618 PT Infomedia Nusantara “Infomedia”, Jakarta, Indonesia Data and information service – provides telecommunication information services and other information services in the form of print and electronic media and call center servicesSeptember 22,1999 1984 100 100 1,660 1,622 PT Telkom Landmark Tower “TLT”, Jakarta, Indonesia Service for property development and managementFebruary 1, 2012 2012 55 55 1,310 1,245 Telekomunikasi Indonesia International “TL” S.A., Timor Leste TelecommunicationSeptember 11, 2012 2012 100 100 806 854 PT Finnet Indonesia “Finnet”, Jakarta, Indonesia Information technology servicesOctober 31, 2005 2006 60 60 681 513 PT Metra Digital Media “MD Media”, Jakarta, Indonesia Directory information servicesJanuary 22, 2013 2013 99,99 99.99 628 618 13 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated Table of Contents

1. GENERAL continued