Foreign Exchange Risk Management continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5168 56. RISK MANAGEMENT continued Market Risk and Liquidity Risk continued

e. Foreign Exchange Risk Management continued

The table below summaries the Group’s exposure to foreign currency exchange rate risk at 31 December 2010. Included in the table are the Group’s financial instruments at carrying amount, categorised by currency. 31 December 2010 United States Dollar Euro Singapore Dollar Yen Australian Dollar Hong Kong Dollar Pound Sterling Others Total ASSETS Cash 419,798 84,962 68,581 56,702 117,785 104 3,574 28,522 780,028 Current accounts with Bank Indonesia 591,403 - - - - - - - 591,403 Current accounts with other banks 7,567,225 359,746 106,914 83,920 55,890 11,372 40,491 52,883 8,278,441 Placement with Bank Indonesia and other banks 10,659,399 610,696 - - - - - 15,341 11,285,436 Marketable Securities 1,465,138 54,699 150,989 9,141 - 9,306 - - 1,689,273 Government Bonds 171,045 - - - - - - - 171,045 Other receivables - trade transactions 1,511,461 5,429 - 321 - - - - 1,517,211 Derivatives receivable 34,208 1,119 - - 1 - 646 - 35,974 Loans 39,747,428 105,854 337,907 11,260 - 65,618 121,962 - 40,390,029 Acceptances receivable 3,563,762 93,204 40,808 37,454 - - - 1,331 3,736,559 Investments in shares - - 1,244 - - - - - 1,244 Policyholders investment in unit-linked contracts 21,917 - - - - - - - 21,917 Other assets - Accrued income 72,193 37 513 183 - - - - 72,926 - Receivable from customer transactions 7,147 - - - - - - - 7,147 Total Assets 65,832,124 1,315,746 706,956 198,981 173,676 86,400 166,673 98,077 68,578,633 LIABILITIES AND SYIRKAH TEMPORER FUND Deposits from Customers Conventional Banking and Sharia - Non Syirkah Temporer Fund Demand deposits 20,963,198 736,053 214,084 69,878 39,138 9,359 48,495 4,518 22,084,723 Saving deposits 11,484,756 - 155,226 6,504 - - - - 11,646,486 Time deposits 11,776,002 95,966 98,115 114 48,103 28,571 11,269 - 12,058,140 Sharia Banking – Syirkah Temporer Fund Restricted investment demand deposit and mudharabah musytarakah demand deposit 83,690 - - - - - - - 83,690 Unrestricted investment mudharabah time deposit 409,879 - - - - - - - 409,879 Deposits from other banks Conventional Banking and Sharia - Non Syirkah Temporer Fund Demand deposits 882,996 19 3,623 - - - - - 886,638 Time deposits 339,677 - - - - - - - 339,677 Derivative payable 4,319 1,050 467 339 440 - - 367 6,982 Liability to unit-linked holders 21,917 - - - - - - - 21,917 Acceptances payable 3,563,762 93,204 40,808 37,454 - - - 1,331 3,736,559 Fund Borrowings 4,402,405 - - - - - - - 4,402,405 Accrued Expenses 61,813 4 84 - 50 28 54 - 62,033 Other liabilities - Payable from purchase of marketable securities - - - - - - - - - Subordinated Loans 178,870 - - - - - - - 178,870 Total liabilities and Syirkah temporer fund 54,173,284 926,296 512,407 114,289 87,731 37,958 59,818 6,216 55,917,999 Net on balance sheets financial position 11,658,840 389,450 194,549 84,692 85,945 48,442 106,855 91,861 12,660,634 Administrative accounts - net 4,702,293 51,798 57,385 49,378 81,700 - 5,925 13,042 4,846,751 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5169 56. RISK MANAGEMENT continued Market Risk and Liquidity Risk continued

f. Fair value of financial assets and liabilities

As at 31 December 2010, the carrying value of the Bank’s financial assets and liabilities approximates their fair value except for the following financial instruments: 31 December 2010 Carrying Value Fair value Assets Marketable securities Held to maturity 3,947,624 3,9 71,085 Government Bonds Held to maturity 23,428,863 23,481,901 Loans 232,545,259 231,844,081 Consumer financing receivable 2,132,823 2,198,572 262,054,569 261,495,639 Liabilities Marketable securities issued 1,491,367 1,487,319 Fund borrowings 5,634,838 5,636,235 Subordinated loans 6,056,572 6,063,961 13,182,777 13,187,515 i Current accounts with Bank Indonesia, current accounts with other banks, placement with Bank Indonesia and other banks, other receivables, securities purchased under resale agreements, acceptance receivables and other assets. Placements with Bank Indonesia and other banks represent placements in the form of Bank Indonesia deposit facility FASBI, sharia FASBI, call money, “fixed-term” placements, time deposits and others. The carrying amount of floating rate current accounts, placements and overnight deposits is a reasonable approximation of fair value. The estimated fair value of fixed interest bearing placements, other receivables, securities purchased under resale agreements, acceptance receivables and other assets is based on discounted cash flows using prevailing money market interest rates for debts with similar credit risk and remaining maturity. Since the remaining maturity is under one year, the carrying amount of fixed interest bearing placements, other receivables, securities purchased under resale agreements, acceptance receivables and other assets is a reasonable approximation of fair value. ii Marketable securities held to maturity and Government Bonds held to maturity The fair value for held to maturity marketable securities and Government Bonds are based on market prices or brokerdealer price quotations. Where this information is not available, fair value is estimated using quoted market prices for securities with similar credit, maturity and yield characteristics or using internal valuation model.