FUND BORROWINGS continued FUND BORROWINGS continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 156

36. FUND BORROWINGS continued

b Direct off-shore loans continued Nomura International Plc, London continued This loan facility is secured with as follows Note 8c: Nominal amount USD full amount December 31, December 31, 2016 2015 ROI 21 86,800,000 6,800,000 ROI 20 71,000,000 6,000,000 ROI 19 61,500,000 61,500,000 ROI 24 12,230,000 - ROI 17 - 98,498,000 ROI 18 - 46,106,000 ROI 16 - 12,230,000 Bank of America, Hong Kong December 31, 2016 Interest Nominal amount Type Arranger Maturity date Tenor rate USD Rupiah months per annum full amount equivalent Bilateral loan Bank of America LIBOR 6 months Hong Kong November 13, 2017 36 + certain margin 115,000,000 1,549,338 December 31, 2015 Interest Nominal amount Type Arranger Maturity date Tenor rate USD Rupiah months per annum full amount equivalent Bilateral loan Bank of America LIBOR 6 months Hong Kong November 13, 2017 36 + certain margin 115,000,000 1,585,275 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 157

36. FUND BORROWINGS continued

b Direct off-shore loans continued Bank of America, Hong Kong continued On October 30, 2014, Bank Mandiri obtained a loan facility from Bank Of America, Hongkong amounting of USD115,000,000 full amount with interest rate at 6-months LIBOR plus a certain margin. This loan facility has a tenor of 3 three years and will be matured on November 13, 2017. Bank Mandiri has drawdown on the loan facility amounting to USD115,000,000 full amount on November 12, 2014. As of December 31, 2016, this loan facility was secured by government bonds series VR0028 with a nominal value of Rp2,150,000 December 31, 2015: Rp2,150,000 and ROI 19 series USD9,471,000 full amount December 31, 2015: USD9,471,000 full amount Note 8c. Agence Française de Développement, France December 31, 2016 Interest Nominal amount Type Arranger Maturity Tenor rate USD Rupiah date months per annum full amount Equivalent Bilateral loan Agence Française LIBOR 6 months de Développement September 30, 2018 80 + certain margin 4,571,429 61,589 Less: Unamortised issuance costs 5,427 73 4,566,002 61,516 Bilateral loan Agence Française LIBOR 6 months de Développement September 30, 2017 64 + certain margin 7,272,727 97,982 Less: Unamortised issuance costs 5,540 75 7,267,187 97,907 Bilateral loan Agence Française LIBOR 6 months de Développement March 31, 2019 82 + certain margin 3,928,571 52,928 Less: Unamortised issuance costs 5,915 80 3,922,656 52,848 Bilateral loan Agence Française LIBOR 6 months de Développement September 30, 2023 114 + certain margin 10,000,000 134,725 Less: Unamortised issuance costs 235,504 3,173 9,764,496 131,552 25,520,341 343,823 December 31, 2015 Interest Nominal amount Type Arranger Maturity Tenor rate USD Rupiah date months per annum full amount Equivalent Bilateral loan Agence Française LIBOR 6 months de Développement March 31, 2016 64 + certain margin 2,727,273 37,595 Less: Unamortised issuance costs 1,014 14 2,726,259 37,581 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 158

36. FUND BORROWINGS continued