PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued SECURITIES

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 35

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b. By Type, Currency and Collectibility continued: 2004 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Bonds 118,977 - 948 118,937 - 988 119,925 Medium Term Notes 81,000 - 105 80,895 - - 80,895 Others 47,955 - 806 48,761 - - 48,761 247,932 - 1,649 248,593 - 988 249,581 Available for sale Bonds 1,127,586 - 32,112 1,110,698 - 49,000 1,159,698 Syariah Mudharabah bonds 411,454 - 4,193 415,647 - - 415,647 Investment in mutual fund units 223,064 - 32,467 255,531 - - 255,531 1,762,104 - 68,772 1,781,876 - 49,000 1,830,876 Held to maturity Certificates of Bank Indonesia 7,655,636 23,757 - 7,631,879 - - 7,631,879 Mandatory convertible bonds 1,018,809 - - - - 1,018,809 1,018,809 Wadiah certificates of Bank Indonesia 325,000 - - 325,000 - - 325,000 Investment in mutual fund units 42,000 - - 42,000 - - 42,000 Bonds 38,000 - - 2,000 - 36,000 38,000 Export bills 32,581 - - 32,581 - - 32,581 Medium Term Notes 5,000 - - 5,000 - - 5,000 9,117,026 23,757 - 8,038,460 - 1,054,809 9,093,269 Total Rupiah 11,127,062 23,757 70,421 10,068,929 - 1,104,797 11,173,726 Foreign currency: Trading Bonds 181,276 - 1,257 180,019 - - 180,019 Available for sale Export bills 301,309 - - 301,309 - - 301,309 Bonds 259,799 - 8,198 267,997 - - 267,997 Promissory Notes 75,425 - 1,949 77,374 - - 77,374 636,533 - 10,147 646,680 - - 646,680 Held to maturity Export bills 1,158,900 - - 1,158,064 - 836 1,158,900 Bonds 276,248 298 - 275,950 - - 275,950 Floating rate notes 161,050 77 - 155,381 - 5,592 160,973 Credit linked notes receivable 40,371 2,007 - 38,364 - - 38,364 Others 14,618 - - 9,738 - 4,880 14,618 1,651,187 2,382 - 1,637,497 - 11,308 1,648,805 Total foreign currency 2,468,996 2,382 8,890 2,464,196 - 11,308 2,475,504 Total 13,596,058 26,139 79,311 12,533,125 - 1,116,105 13,649,230 Less: Allowance for possible losses 28,396 - 1,116,105 1,144,501 12,504,729 - - 12,504,729 Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 36

6. SECURITIES continued