INVESTMENTS IN SHARES Fund Borrowings

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 567 15. FIXED ASSETS continued Construction in progress as at 31 December 2009 was comprised of: Balance Computers and other hardware that have not been installed 161,017 Product and license – Integrated Banking System 106,049 Office equipment and inventory 102,105 Buildings 49,287 Others 4,020 422,478 The estimated percentage of completion of construction in progress as at 31 December 2009 for Integrated Banking System agreement was ranging between 97.22 - 98.98. Included in the addition of fixed assets during 2009 is a building which was transferred by the Subsidiary PT Usaha Gedung BDN or UG BDN in accordance with the Joint Operation agreement KSO, which states that at the end of KSO agreement, UG BDN will transfer the building to Bank Mandiri. Bank Mandiri recorded the building at fair value of Rp131,640 Note 45 and depreciate it for 20 years. Movements from 1 January 2008 Beginning Ending to 31 December 2008 Balance Additions Deductions Reclassifications Balance CostRevalued Amount Direct ownership Land 2,710,520 20,817 - 29,794 2,761,131 Buildings 1,607,835 14,477 45,577 60,730 1,637,465 Furnitures, fixtures, office equipment and computer equipmentsoftware 3,956,361 136,129 35,697 110,492 4,167,285 Vehicles 77,025 4,407 2,363 - 79,069 Construction in progress 150,903 434,410 - 168,623 416,690 Leased assets - 3,267 - - 3,267 8,502,644 613,507 83,637 32,393 9,064,907 Accumulated Depreciation and Amortisation Note 42 Direct ownership Buildings 887,272 83,297 45,295 42 925,316 Furnitures, fixtures, office equipment and computer equipmentsoftware 3,035,079 478,530 35,300 - 3,478,309 Vehicles 48,716 10,625 2,272 - 57,069 Leased assets - 653 - - 653 3,971,067 573,105 82,867 42 4,461,347 Net book value Direct ownership Land 2,761,13 1 Buildings 712,149 Furniture, fixtures, office equipment and computer equipmentsoftware 688,976 Vehicles 22,000 4,184,256 Construction in progress 416,690 Leased assets 2,614 4,603,560 The fixed assets were revalued in 1979, 1987 and 2 003. 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 at 31 July 1999. The revaluation increment was recorded prospectively on 18 June 2003 Note 15a. Reclassified to abandoned property and construction in progress. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 568 15. FIXED ASSETS continued Construction in progress as at 31 December 2008 was comprised of: Balance Computers and other hardware that has not been installed 297,136 Product and license – Integrated Banking System 78,567 Office equipment and inventory 24,175 Buildings 10,864 Others 5,948 416,690 The estimated percentage of completion of construction in progress as at 31 December 2008 for Integrated Banking System agreement was ranging between 74.95 - 96.24. Certain fixed assets of Bank Syariah Mandiri, a Subsidiary, with net book value of Rp23,576 as at 30 November 2008 are no longer pledged to Bank Indonesia in accordance with the approval from Bank Indonesia on the settlement of subordinated loans with Bank Indonesia amounting to Rp32,000 Note 30. Movements from 1 January 2007 Beginning Ending to 31 December 2007 Balance Additions Deductions Reclassifications Balance CostRevalued Amount Direct ownership Land 2,604,103 - 628 107,045 2,710,520 Buildings 1,540,552 14,926 3,572 55,929 1,607,835 Furnitures, fixtures, office equipment and computer equipmentsoftware 3,717,510 107,876 3,037 134,012 3,956,361 Vehicles 73,178 6,957 2,548 562 77,025 Construction in progress 166,570 168,608 3,722 180,553 150,903 8,101,913 298,367 13,507 115,871 8,502,644 Accumulated Depreciation and Amortisation Note 42 Direct ownership Buildings 800,243 86,341 3,381 4,069 887,272 Furnitures, fixtures, office equipment and computer equipmentsoftware 2,550,474 487,802 3,197 - 3,035,079 Vehicles 41,953 9,734 2,971 - 48,716 3,392,670 583,877 9,549 4,069 3,971,067 Net book value Direct ownership Land 2,710,520 Buildings 720,563 Furniture, fixtures, office equipment and computer equipmentsoftware 921,282 Vehicles 28,309 4,380,674 Construction in progress 150,903 4,531,577 The fixed assets were revalued in 1979, 1987 and 2003. The amount includes an increment in value of fixed assets based on revaluation of fixed assets of the merged banks performed by an Independent Appraise r, PT Vigers Hagai Sejahtera, using market values as at 31 July 1999. The revaluation increment was recorded prospectively on 18 June 2003 Note 15a. Reclassified to abandoned property and construction in progress. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 569 15. FIXED ASSETS continued