PLACEMENTS WITH OTHER BANKS Continued SECURITIES

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 - 30 -

7. SECURITIES Continued

d. By Issuer: December 31, 2002 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 0.00 - 11.00 269,000 Reksadana Indovest Dana Obligasi Mutual fund undated 50,061 Others Various various various 24,313 1,362,183 Trading Republic of Indonesia Treasury bonds 121510 14.50 249,875 Bank NISP Medium-term notes 103105 16.50 idBB+ 19,000 Others Various various various 2,181 271,056 Available-for-Sale Perusahaan Listrik Negara Bonds 080807 14.35 idBB- 147,375 Republic of Indonesia Treasury bonds 121510 14.50 80,960 Bank DKI Bonds 061804 15.00 idBBB- 35,434 PT Indosat Syariah Mudharabah bonds 110507 idAA+ 30,000 PT Telkom Bonds 071607 17.00 idAAA 16,294 PT Jasa Marga Bonds 120410 16.15 idA+ 12,000 Others Various various - 322,063 Total Rupiah 1,955,302 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 - 31 -

7. SECURITIES Continued

d. By Issuer continued: December 31, 2002 Issuer Type Maturity Interest Date Rate Rating Value Per Annum Foreign currency: Held-to-Maturity Republic of Indonesia Bonds 080106 7.75 151,754 Mitra Sejati International Ltd. Others 62303 - 122105 3.90 B3 101,455 Deutsche Bank, Frankfurt Floating rate notes 030206 1.53 Aa3 35,800 ING Bank Credit-linked notes 012703 - 072605 5.00 - 15.91 B3 30,548 Hypovereinsbank, Munich Floating rate notes 071204 1.88 A1 31,325 Government of Singapore Treasury bills 032003 26,800 PT Perkebunan Nusantara Promissory notes 122697 17,900 Astra Overseas Bonds 063006 17,517 Others Various various various 53,855 466,954 Trading Bank Negara Indonesia Floating rate notes 111512 10.00 B3 42,684 Telkomsel Floating rate notes 042007 9.75 B3 37,635 Indofood Floating rate notes 061807 10.38 B3 31,735 Republic of Indonesia Bonds 080106 7.75 28,332 Others Various various various 8,950 149,336 Available-for-Sale Medco Energy Floating rate notes 031907 10.00 B+ 256,667 State Bank of Saurashtra Commercial bills discounted various 2.13 - 2.74 Ba3 120,044 Bank Negara Indonesia Floating rate notes 111512 10.00 B3 97,506 PT Telkom Promissory notes 031503 - 121504 4.47 - 4.84 - 80,624 Dena Bank, Khargate Commercial bills discounted various 2.19 - 2.41 unrated 52,963 Telkomsel Floating rate notes 042007 9.75 B3 29,003 Cenara Bank, Ahmedaabad Commercial bills discounted various 2.53 - 2.79 Ba3 16,797 Bank of Baroda, Bhavnagar Commercial bills discounted various 2.42 - 2.74 Ba3 16,298 Others Various various various 6,849 676,751 Total foreign currency 1,293,041 Total securities 3,248,343 Less: Unamortized interest 30,418 Unrealized gains from increase in value of securities 9,108 Allowance for possible losses 1,064,624 2,162,409 Based on rating issued by rating agencies including Pefindo and Moody’s. 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