INVESTMENTS IN SHARES OF STOCK continued PREMISES AND EQUIPMENT

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 63

14. PREMISES AND EQUIPMENT continued

Movements from January 1, 2004 Beginning Ending to December 31, 2004 Balance Additions Deductions Reclassifications Balance Cost Valuation Direct ownership Land 2,903,770 185 74,342 - 2,829,613 Buildings 1,391,505 28,226 2,817 43,257 1,460,171 Furnitures, fixtures, office equipment and computer equipmentsoftware 2,484,614 175,345 45,761 511,360 3,125,558 Vehicles 47,446 21,379 5,668 - 63,157 Construction in progress 380,759 439,409 - 554,617 265,551 Leased assets 37,550 43,978 - - 81,528 7,245,644 708,522 128,588 - 7,825,578 Accumulated Depreciation and Amortization Direct ownership Buildings 599,243 98,725 2,624 - 695,344 Furnitures, fixtures, office equipment and computer equipmentsoftware 1,226,794 399,499 45,387 - 1,580,906 Vehicles 25,222 12,611 4,870 - 32,963 Leased assets 10,013 22,724 - - 32,737 1,861,272 533,559 52,881 - 2,341,950 Net book value Direct ownership Land 2,829,613 Buildings 764,827 Furniture, fixtures, office equipment and computer equipmentsoftware 1,544,652 Vehicles 30,194 5,169,286 Construction in progress 265,551 Leased assets 48,791 5,483,628 The amount includes an increment in value of fixed assets based on revaluation of fixed assets of the merged banks performed by an Independent Appraiser, PT Vigers Hagai Sejahtera, using market values as of July 31, 1999. The revaluation increment was recorded prospectively on June 18, 2003 Note 14a. Construction in progress as of December 31, 2004 is comprised of: Product and license - Core Banking System 146,960 Buildings 9,996 Others 108,595 265,551 The construction in progress was approximately 92.79 complete as of December 31, 2004. 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 64

14. PREMISES AND EQUIPMENT continued