GENERAL continued d. Subsidiaries continued

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 16

1. GENERAL continued d. Subsidiaries continued

a TII continued On January 25, 2008, pursuant to Second Amendment to Cooperation Agreement between the Company and TII No. K.Tel.21HK.820UTA-002008 regarding Management and Development of International Business, the Company has agreed to transfer international telecommunications business from the Company to TII. b Metra Based on Circular Meeting of Metra’s stockholders on December 13, 2007, the stockholders agreed as follows: 1 increase its authorized capital from Rp.200,000 million to Rp.1,000,000 million with a par value of Rp.10,000 per share; 2 increase its issued and fully paid capital from Rp.62,250 million to Rp.412,250 million by issuing 35,000,000 new shares; 3 to limit the maximum additions to issued capital for funding acquisition of Sigma amounting to Rp.335,000 million, and for the acquisition cost as well as Metra’s business development amounting to a maximum of Rp.15,000 million; 4 approve a total of 35,000,000 new shares to be issued and fully paid by the Company; and 5 approval on acquisition of a maximum 80 ownership interest in Sigma, a company engaged in providing information system services. On December 18, 2007, Metra entered into a Conditional Sales and Purchase Agreement CSPA with Sigma’s stockholders for the acquisition. On January 21, 2008, the Company paid Rp.350,000 million for additional capital to Metra pursuant to circular meeting of the Metra’s stockholders on December 13, 2007. The acquisition of Sigma transaction was completed through the signing of an Amendment to the Sales and Purchase of Shares Agreement on February 21, 2008 which became effective from February 22, 2008. On July 3, 2008, based on notarial deed No. 6 of Wahyu Nurani, S.H. dated July 3, 2008, Metra entered into a Commitment of Sales and Purchase of Shares Agreement “Perjanjian Pengikatan Jual Beli Saham” or PPJB to purchase 6,000,000 Indonusa’s shares or equivalent to 1.25 of Indonusa’s total ownership with transaction value amounted to Rp.6,600 million from PT Datakom Asia “Datakom”. On July 17, 2008, based on notarial deed No. 133 of Sutjipto, S.H. M.Kn. dated July 17, 2008, Metra obtained funding for the purchase through equity call from the addition of Metra’s issued capital from Rp.412,250 million to Rp.418,850 million. On July 17, 2008, based on notarial deed No. 134 of Sutjipto, S.H. M.Kn. dated July 17, 2007, Metra exercised the sales and purchase of share transaction Note 1d.c. c Indonusa At Indonusa’s EGM on May 9, 2007, the stockholders revolved to: 1 stock split of Indonusa’s shares par value from Rp.10,000 to Rp.500 per share; 2 increase its issued capital from Rp.200,000 million consists of 20,000,000 shares to Rp.700,000 million consists of 1,400,000,000 shares, as amended by the Decision of Circular Meeting of Indonusa’s stockholders on December 28, 2007. The change increased Company’s paid-in capital from Rp.66,500 million to Rp.237,713 million through payment and debt to equity swap, as follows: PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 17

1. GENERAL continued d. Subsidiaries continued