1.8 75.6 136.7 479.1 1.3 93.7 46.1 187.0 212.6 1.0 66.1 131.1 39.3 LD R N et Income before tax 3.6 35.5 71.5 RO A 102.0 48.0 82.8 48.4 20.9 109.4 Profit from operations 36.2 Commissions 53.7 Salaries and allowances 33.5 24.9 5.1 15.6 82.7 23.4 Gain on Tra

67 Bank Syariah Mandiri Summary PL Rp billions

14.6 1.8

11.9 75.6

83.8 136.7

137.2 435.6

93.6 479.1

386.4 865.5 2005

9.9 1.3

11.5 93.7

31.3 46.1

52.5 187.0

61.3 212.6

223.1 435.7 H 1 ‘06

3.6 1.0

20.9 66.1

15.8 24.5

23.0 159.9

51.9 131.1

148.4 279.4 2003

10.6 39.3

CAR 83.3

74.6 LD R

103.4 30.1 N et Income after tax 150.4

43.4 N et Income before tax

140.6 42.3 Income from O perations

7.4 3.6

84.4 35.5

91.3 71.5

162.7 2002 315.0 Banks Share in O perating Income 269.2 3rd Party Share on Returns 584.2 Total O perating Income 2004 276.4 O perating Expenses

2.9 RO A

22.3 102.0

O ther O perating income RO E Selected Financial Ratios 68 Mandiri Sekuritas Summary PL

18.4 48.0

34.8 82.8

21.2 48.4

20.6 114.5

131.8 13.1

9.0 6.0

42.6 20.9

197.3 2005

20.5 109.4

48.4 Profit from operations

5.3 36.2

5.7 Commissions

29.1 53.7

29.8 Salaries and allowances

52.7 72.4

24.0 11.6

54.1 33.5

25.5 24.9

6.1 5.1

3.9 102.4

2003

0.8 20.6

Underwriting Selling Fees

2.9 10.4

Advisory fees 3.5

53.0 Investment Mgmt Fees

8.7 15.6

Brokerage Commissions 74.6 244.0 O perating Revenue H 1 ‘06 2004 Rp Bn

56.2 82.7

Interest D ividends 54.2 134.6 O perating Expenses

8.6 23.4

G A expenses

13.3 8.1

O ther income charges - net 7.2 101.3 Income before tax

63.0 61.9

2.4 Gain on Trading of

Marketable Securities N et Income after tax 0.4 692.8 305.0 137.1 52.7

30.1 565.9

9.6 84.3

746.5 -

51.8 1,258.7

2005 698.9 150.0

67.0 61.7

79.3 380.8

8.0 123.0

794.0 50.0

82.9 1,079.7

2003 279.1 478.6 Receivables 571.7 538.8 Marketable Securities - 50.0 Time deposit 60.7 117.4 Cash Equivalent 1,297.4 1,435.7 Total Assets H 1 ‘06 2004 Rp Bn 607.6 699.3 Total Liabilities 39.3

39.1 Payable to

Clearing Guarantee body 222.2 420.3 Payable to customers

91.5 2.0

Repo 225.0 190.0 Bank Loans 736.4 11.8

10.3 Property

Equipment-net Shareholders Equity 689.7 Summary Balance Sheet 69 N ew Management Team Agus Martowardojo President D irector I W ayan Agus Mertayasa D eputy President D irector Omar S. Anwar D irector Consumer Finance Abdul Rachman D irector Corporate Banking Sasmita D irector Technology O perations Zulkifli Zaini D irector Commercial Banking T homas Arifin D irector Treasury Riswinandi D irector Special Asset Management Sentot A. Sentausa D irector Risk Management Bambang Setiawan D irector Compliance H uman Capital Budi G. Sadikin D irector Micro Retail Banking Pahala Mansury EVP Coordinator Finance Strategy CFO 70 Credit Recovery I Corporate Banking Abdul Rachman Consumer Finance Omar S. Anwar Finance Strategy Pahala M ansury Technology O perations Sasmita O rganization Structure Board of Commissioners AX A Mandiri Financial Services Risk Management Sentot Sentausa Electronic Banking Mandiri Securities Asset Management Consumer Risk Jakarta Commercial Sales Micro Business Consumer Card Jakarta N etwork Corporate Banking I Market Risk Investor Relations IT Planning Security H uman Capital Bank Syariah Mandiri W ealth Management Compliance Procurement Fixed Asset Commercial Risk I Accounting Regional Commercial Sales Small Business Consumer Loans Learning Center Regional N etwork Corporate Banking II Portfolio O perational Risk Strategy Performance IT Business Solutions Product Management Mass Banking Legal Corporate Banking III Corporate Risk Change Management O ffice IT Infrastructure O perations Central O perations Groups moved to N ew D irectorate N ew D irectorate Consolidated D irectorate Subsidiaries IT Information Knowledge Mgmt Consumer Collection Credit O perations Audit Committee Risk Policy Committee N omination Remuneration Committee Good Corporate Governance Committee Internal Audit FIO N Chief Economist Treasury BMEL Commercial Banking Z ulkifli Z aini Micro Retail Banking Budi Sadikin Compliance H C Bambang Setiawan Credit Recovery II Special Asset Management Riswinandi Commercial Risk II Board of D irectors D eputy President D irector I W ayan Agus M ertayasa President D irector CEO Agus M artowardojo Corporate Center Business Units Shared Services Corporate Secretary Treasury Thomas Arifin 21,149 19,606 18,016 17,204 17,735 18,397 19,693 21,192

1999 2000

2001 2002 2003 2004 2005 H 1 06 S ta ff in g an d D is tr ib u ti o n N e tw o rk G ro w th 658 635 730 909 546 687 789 921

1999 2000

2001 2002 2003 2004 2005 H 1 06 6,131 6,025 3,160 4,000 4,716 5,537

1999 2000

2001 2002 2003 2004 2005 H 1 06 2,667 513 533 1,184 2,022 2,470 2,560 1,559

1999 2000

2001 2002 2003 2004 2005 H 1 06 E m p lo y e e s D o m e st ic B ra n c h N e tw o rk A T M N e tw o rk A T M -L in k N e tw o rk 9 5 N e w A T M s 1 7 4 9 5 2 5 2 1 1 7 .6 7 .0 C h an ge -0 .2 3 .7 3 .1 -4 .5 -8 .1 1 2 5 9 N e w B ra n c h e s 1 2 4 3 5 2 8 9 -1 1 2 L o an g ro w th , q u al it y a n d p ro v is io n in g re la ti v e t o p e e rs B an k O n ly , A s o f M ar c h 2 6 217 199 146 88 47 46 43 95 77 77 Lippo BCA BRI Panin D anamon Permata BII Mandiri N iaga BN I R a ti o o f P ro v is io n s t o N P L 98,070 76,409 59,829 51,989 35,704 29,553 22,233 15,510 8,417 20,142 Mandiri BRI BN I BCA D anamon N iaga Permata BII Panin Lippo T o ta l L o a n s R p b n

3.6 -4.0