Excellence Improvement EXTERNAL AUDIT FUNCTIONS, EFFECTIVENESS OF EXTERNAL AUDIT

PT Bank Mandiri Persero Tbk. CODE OF CONDUCT Bank Mandiri has the Code of Conduct that sets the ethical standards and behavior to be upheld by all employees of the Bank. CODE OF CONDUCT The Code of Conduct regulates the followingissues: 1. Conlict of interest 2. Conidentiality 3. Position Abuse 4. Insiders Behavior 5. Integrity and the Bank Data Accuracy 6. Banking System Integrity 7. Employee Accounts Management 8. Annual Disclosures 9. Fraud incompliance Sanctions 10. Supervision of Implementation and Updates CODE OF CONDUCT ENFORCEMENT Code of conduct is valid for all bank personnel; the Board of Commissioners, Directors, and employees of Bank Mandiri. CORPORATE CULTURE All elements of Bank Mandiri must apply the company’s 5 values – TIPCE – and 10 core behaviors. The following is an explaination of corporate values – TIPCE: Trust To build and maintain conidence with stakeholders through open and sincere relationships based on trust. Integrity To think, speak and act truthfully, with dignity and uphold the professional code of ethics. Professionalism Committed to perform work, accurately, with a high level of competence and with a full sense of responsibility. Customer Focus To always position our customers as the primary partners in mutually beneicial relationships that sustains growth. Excellence To develop and improve in all areas and to achieve optimum value and best results. CODE OF CONDUCT DISSEMINATION FORMAT AND ITS IMPLEMENTATION EFFORTS Bank Mandiri requires every employee to prepare and sign the Employee Statement. With this statement employees commit themselves to personally and responsibly act by the Indonesia Banker Ethics Code, Bank Code of Conduct and all internal and external prevailing regulations. Bank Mandiri also issued the Business Ethics PolicyGuidelines that must be observed by all bank personnel. The policy elaborates; Personal Integrity, Discrimination Act Prevention on the Bank Business Implementation and others. In the efort to efectively implement the Indonesia Banker Ethics Code, Code of Conduct and business ethics, violation, negligence, and breach will be sanctioned in accordance with the prevailing laws. MATTERS RELATED TO GCG IMPLEMENTATION With regard to the transparency of inancial and non-inancial conditions of the banks that are not yet disclosed in other reports: • Bank Mandiri has submitted all the inancial and non-inancial reports in a transparent manner to public through several print and electronic media, including inancial report publication on the website of Bank Mandiri, BI and SOE online. • There is no important litigation faced by the bank, Members of the Board ofDirectors or Members of the Board of Commissioners that have been served and not disclosed. CORPORATE GOVERNANCE PT Bank Mandiri Persero Tbk. Share Ownership of the Board of Commissioners and Board of Directors Exceeding 5 or More of Paid In Capital Name Share Ownership More than 5 of Paid in Capital Bank Mandiri Others Company Others Bank In non-Bank Financial Institutions Description Board of Commissioners Edwin gerungan - - - - Nill Muchayat - - - - Nill Mahmuddin yasinwahyu Hidayat - - - - Nill Cahyana Ahmadjayadi - - - - Nill gunarni Soeworo - - - - Nill Pradjoto - - - - Nill Krisna wijaya - - - - Nill Board of Directors Zulkili Zaini - - - - Nill Riswinandi - - - - Nill Abdul Rachman - - - - Nill Sentot A. Sentausa - - - - Nill Budi gunadi Sadikin - - - - Nill Ogi Prastomiyono - - - - Nill Pahala Nugraha Mansury - - - - Nill Sunarso - - - - Nill Fransisca N. Mok - - - - Nill Kresno Sediarsi - - - - Nill Royke Tumilaar - - - - Nill Based on the quorum Since the closing of Annual gMS dated 23 April 2102, Mr. Mahmuddin yasin is replaced by Mr. wahyu Hidayat The appointment of Mr. wahyu Hidayat efective since the closing Annual GSM, 23 April 2102, is deemed efective as a Commissioner of Bank Mandiri with the decision of Bank Indonesia on 25 September 2012