MATURITY PROFILE 2003 12 Full Audited Financial Statements w Notes

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated 148

50. MATURITY PROFILE continued

December 31, 2002 1 mth 1 mth - 3 3 mths 6 6 mths 12 Description Total mths mths mths 12 mths Assets Cash 2,164,651 2,164,651 - - - - Current accounts with Bank Indonesia 9,607,119 9,607,119 - - - - Current accounts with other banks - net 311,765 311,765 - - - - Placements with Bank Indonesia and other banks - net 14,846,820 14,617,367 78,751 140,350 10,352 - Securities - net 1,950,148 269,000 35,817 17,280 16,443 1,611,608 Government Recapitalization Bonds 148,845,927 - 1,959,249 2,498,936 2,835,188 141,552,554 Trade documents and Other facilities - net 1,660,136 1,021,039 413,380 223,843 1,874 - Derivative receivables - net 361,323 3,045 2,180 775 1,112 354,211 Loans - net 56,346,419 4,373,705 4,930,751 5,790,062 8,263,181 32,988,720 Acceptances receivable - net 2,023,071 677,241 953,372 304,755 87,703 - Investments in shares of stock - net 87,096 - - - - 87,096 Premises and equipment - net 1,958,782 - - - - 1,958,782 Deferred tax assets - net 2,594,688 - - - - 2,594,688 Accrued income 2,102,204 2,102,204 - - - - Receivables 2,875,188 - - - - 2,875,188 Prepaid tax 365,753 - - - - 365,753 Prepaid expenses 150,330 - - - - 150,330 Others - net 2,143,269 - - - - 2,143,269 250,394,689 35,147,136 8,373,500 8,976,001 11,215,853 186,682,199 Liabilities Liabilities immediately payable 70,548 70,548 - - - - Demand deposits 32,579,923 32,579,923 - - - - Savings deposits 29,926,190 29,926,190 - - - - Time deposits 121,529,091 73,844,153 26,866,411 6,594,145 8,202,726 6,021,656 Certificates of deposit 78,883 12,833 65,550 500 - - Deposits from other banks - Demand deposits 593,431 593,431 - - - - - Interbank call money 796,555 796,555 - - - - - Time deposits 11,502,677 9,716,014 1,753,837 28,808 4,018 - - Certificates of deposit 30 30 - - - - Securities sold with agreements to repurchase 735,000 - - - - 735,000 Derivative payables 7,434 4,462 2,884 88 - - Acceptances payable 2,150,609 715,329 1,014,500 330,219 90,561 - Securities issued 1,474,241 240,140 - - 10,293 1,223,808 Fund borrowings 13,659,536 301,312 842,774 4,432,727 1,210,721 6,872,002 Allowance for possible losses on commitments and contingencies 1,211,211 731,374 272,330 41,307 120,377 45,823 Accrued expenses 903,244 903,244 - - - - Taxes payable 295,949 295,949 - - - - Other liabilities 9,119,916 - - - - 9,119,916 Subordinated loans 6,358,965 - 945 138,626 145,892 6,073,502 Loan capital 2,963,250 - - - - 2,963,250 235,956,683 150,731,487 30,819,231 11,566,420 9,784,588 33,054,957 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated 149

51. NET OPEN POSITION

The Net Open Position NOP ratio of Bank Mandiri Bank Mandiri only is 2.85, 2.67 and 5.64 as of December 31, 2003, April 30, 2003 and December 31 2002, respectively. Based on Bank Indonesia’s Decision Letter No. 31178KEPDIR dated December 31, 1998, banks are required to maintain a net open position of a maximum of 20 of the sum of Core Capital Tier I and Supplementary Capital Tier II. In accordance with Bank Indonesia guidelines, the net open position ratio is the sum of the absolute values of the net difference between the assets and liabilities denominated in each foreign currency and the net difference of the receivables and payables of both commitments and contingencies recorded in the administrative accounts denominated in each currency, which are stated in Rupiah. The Net Open Position by currency of Bank Mandiri Bank Mandiri only as of December 31, 2003 is as follows: Assets and Liabilities and Administrative Administrative Asset Accounts Liability Accounts Net Open Position United States Dollars 66,453,280 67,030,133 576,853 Euros 444,648 425,908 18,740 Singapore Dollars 121,430 164,209 42,779 Japanese Yen 99,790 114,213 14,423 British Pounds Sterling 33,830 35,299 1,469 Australian Dollars 24,640 30,205 5,565 New Zealand Dollars 11,546 - 11,546 Malaysian Ringgit - 32,313 32,313 Hong Kong Dollars 10,286 4,721 5,565 Others 31,249 14,501 16,748 Total net open position 620,803 Total absolute open position 762,001 Total Tier I and II capital less investments in subsidiaries Note 52 25,463,716 NOP Ratio 2.85 Including hedge bonds amounting to Rp 8,986,456 Note 8. The Net Open Position by currency of Bank Mandiri Bank Mandiri only as of April 30, 2003 is as follows: Assets and Liabilities and Administrative Administrative Asset Accounts Liability Accounts Net Open Position United States Dollars 68,073,824 67,911,758 162,066 Singapore Dollars 1,960,613 1,678,808 281,805 Japanese Yen 1,295,915 1,317,574 21,659 Euros 500,543 493,212 6,331 Australian Dollars 20,455 18,638 1,817 British Pounds Sterling 34,897 23,162 11,735 Malaysian Ringgit - 32,993 32,993 Hong Kong Dollars 34,156 279 33,877 Others 23,420 10,595 12,825 Total net open position 455,804 Total absolute open position 565,108 Total Tier I and II capital less investments in subsidiaries Note 52 21,202,046 NOP Ratio 2.67 Including hedge bonds amounting to Rp14,262,027 Note 8.