GENERAL continued 166996CF B6AA 4D8A 8662 359D238F1CD7 Consol Fin stat 2007 English

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated 14

1. GENERAL continued

d. Initial Public Offering of the Bank’s Shares continued On July 14, 2003, 19,800,000,000 of Bank Mandiri’s shares were listed on the Jakarta Stock Exchange and Surabaya Stock Exchange based on Jakarta Stock Exchange’s Approval Letter No. S-1187BEJ.PSJ07-2003 dated July 8, 2003 and Surabaya’s Stock Exchange’s Approval Letter No. JKT-028LISTBESVII2003 dated July 10, 2003. Based on an amendment to the Articles of Association approved by the Minister of Justice and Human Rights in his decision letter No. C-12783.HT.01.04.TH.2003 dated June 6, 2003 that was published in Supplement No. 6590 of State Gazette No. 63 dated August 8, 2003, the Bank’s name was changed from PT Bank Mandiri Persero to PT Bank Mandiri Persero Tbk. e. Quasi-Reorganization In order for Bank Mandiri to eliminate the negative consequences of being burdened by accumulated losses, the Bank undertook a quasi-reorganization as approved in the Shareholder’s Extraordinary General Meeting RUPSLB on May 29, 2003. The quasi-reorganization adjustments resulted in the accumulated losses of Rp162,874,901 as at April 30, 2003 being eliminated against additional paid-in capitalagio. Bank Mandiri’s Articles of Association were amended to reflect the change in additional paid-up capital as a result of quasi-reorganization, by notarial deed No. 130 of Sutjipto, S.H. dated September 29, 2003 which was approved by the Minister of Justice and Human Rights in his decision letter No. C-25309.HT.01.04.TH.2003 dated October 23, 2003 and was published in Supplement No. 93 of State Gazette No. 910 dated October 23, 2003. On October 30, 2003, an Extraordinary Shareholders’ General Meeting RUPSLB approved the Quasi-Reorganization as at April 30, 2003. The minutes of the RUPSLB were notarized by Notary Sutjipto, S.H. in notarial deed No. 165 dated October 30, 2003. f. Divestment of Government Share Ownership On March 11, 2004, the Government divested a further 10 shareholding involving 2,000,000,000 of its shares in Bank Mandiri through private placements Note 31a. g. Structure and Management Bank Mandiri’s head office is located in Jl. Jend. Gatot Subroto Kav. 36-38, Jakarta, Indonesia. As of December 31, 2007 and 2006 Bank Mandiri had the following domestic and offshore structure: 2007 2006 Domestic Regional Branches 10 10 Domestic Branches: Hubs 58 57 Community Branches 99 98 Spokes 341 336 Cash Outlets 458 433 956 924 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated 15

1. GENERAL continued