SECURITIES Continued SECURITIES Continued

PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 32 -

7. SECURITIES Continued

d. By Issuer continued: December 31, 2001 Issuer Type Maturity Interest Date Rate Rating Value Per annum Rupiah: Held-to-Maturity PT Garuda Indonesia Mandatory convertible bonds 110206 4.00 1,018,809 Bank Indonesia Wadiah Certificates of BI various 12.53 196,250 Reksadana Indovest Dana Obligasi Mutual fund undated 41,058 PT Semen Gresik Medium term notes 042902 12,876 Others Various various 20,517 1,289,510 Trading Bank Indonesia Certificates of Bank Indonesia various 16.00 - 17.75 370,132 Others Various various 9,493 379,625 Available-for-Sale Bank Tabungan Negara Bonds 071802 14.15 idBB- 3,880 Bank DKI Bonds 061804 13.67 idBB+ 35,434 Astra International Bonds 063005 - 063006 14.38 - 15.00 idB+ 30,083 Duta Pertiwi Bonds 041702 - 080402 14.44 - 15.50 idBBB 54,608 Perusahaan Listrik Negara Bonds 111501 - 080807 13.90 - 13.94 idB 171,937 Citra Marga Nushapala Pertiwi Bonds 030504 16.00 idBB 11,000 Mayora Indah Bonds 071804 14.65 45,728 352,670 Total Rupiah 2,021,805 Foreign currency: Held-to-Maturity Renong Berhard Bonds 063006 12.70 17,733 Charoen Pokphand Floating rate notes 123102 4.95 14,941 Srithai Superware Floating rate notes 042805 5.00 17,475 Bank Negara Indonesia Floating rate notes 082205 4.25 144,564 PT Perkebunan Nusantara Promissory notes 122697 20,800 Hongkong and Shanghai Banking Corporation, Hong Kong Floating rate CDs 021202 3.74 Aa3 19,080 Bank of China, Hong Kong Floating rate notes 071702 2.89 Baa1 19,114 Deutsche Bank, Frankfurt Floating rate notes 030206 2.18 41,553 Hypovereinsbank, Munich Floating rate notes 071204 2.53 36,399 Others Various various 43,804 375,463 Trading Republic of Indonesia Bonds 112706 7.75 98,098 Bank Rakyat Indonesia Floating rate CDs 110302 3.78 10,967 Bank Rakyat Indonesia Floating rate notes 031102 7.75 19,599 ING, Indonesia Credit-linked notes 120703 10,320 138,984 PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 33 -

7. SECURITIES Continued

d. By Issuer continued: December 31, 2001 Issuer Type Maturity Interest Date Rate Rating Value Per Annum Foreign currency: Available-for-Sale Republic of Indonesia Bonds 010806 7.75 31,312 Government of Singapore Treasury bills 011002 29,162 Others Various various 79,360 139,834 Total foreign currency 654,281 Total securities 2,676,086 Less: Unamortized interest 12,097 Unrealized losses from decrease in value of securities 54,186 Allowance for possible losses 1,062,683 1,547,120 Based on rating issued by rating agencies including Pefindo and Moody’s. e. By Maturity: 2002 2001 Rupiah: Less than 1 year 269,694 647,872 1 - 5 years 1,286,212 1,147,054 Over 5 years 399,396 226,879 1,955,302 2,021,805 Foreign currency: Less than 1 year 291,197 255,127 1 - 5 years 702,811 378,354 Over 5 years 299,033 20,800 1,293,041 654,281 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120 PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 34 -

7. SECURITIES Continued