PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued

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 35

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a. By Purpose and Related and Third Parties Continued: December 31, April 30, December 31, 2003 2003 2002 Third parties Held to maturity 9,342,661 12,474,120 1,676,987 Trading 1,752,257 598,332 142,185 Available for sale 1 ,176,231 578,254 704,903 12,271,149 13,650,706 2,524,075 Total 12,691,698 13,911,127 3,035,392 Less: Unamortized interest 60,981 83,565 29,728 Unrealized gains from increase in value of securities 3,803 13,121 9,108 Allowance for possible losses 1,089,368 1,105,828 1,064,624 11,545,152 12,734,855 1,950,148 b. By Type and Currency : Rupiah: Certificates of Bank Indonesia 8,453,260 11,236,603 - Mandatory convertible bonds 1,018,809 1,018,809 1,018,809 Bonds 907,478 196,381 562,238 Wadiah Certificates of Bank Indonesia 795,000 312,500 269,000 Investments in mutual fund units 247,985 62,562 54,074 Medium term notes 175,000 - 19,000 Syariah Mudharabah bonds 9,000 30,000 30,000 Others 84,594 5,679 2,181 11,691,126 12,862,534 1,955,302 Foreign Currency: Bonds 426,725 263,263 252,093 Floating rate notes 273,192 486,073 543,832 Money market securities 183,319 147,015 134,274 Credit linked notes receivable 20,570 45,225 39,498 Others 96,766 107,017 110,393 1,000,572 1,048,593 1,080,090 Total 12,691,698 13,911,127 3,035,392 Less: Unamortized interest 60,981 83,565 29,728 Unrealized gains from increase in value of securities 3,803 13,121 9,108 Allowance for possible losses 1,089,368 1,105,828 1,064,624 11,545,152 12,734,855 1,950,148 c. By Collectibility : December 31, April 30, December 31, 2003 2003 2002 Current 11,605,623 12,805,141 1,971,129 Loss 1,086,075 1,105,986 1,064,263 12,691,698 13,911,127 3,035,392 Less: Unamortized interest 60,981 83,565 29,728 Unrealized gains from increase in value of securities 3,803 13,121 9,108 Allowance for possible losses 1,089,368 1,105,828 1,064,624 11,545,152 12,734,855 1,950,148 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 36

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d. By Issuer : December 31, 2003 Issuer Type Maturity Interest Date Rate Rating Value Per Annum Rupiah: Held to maturity Bank Indonesia Certificates of Bank Indonesia 012904 8.25 7,000,000 PT Garuda Indonesia Mandatory convertible bonds 110206 4.00 na 1,018,809 Bank Indonesia Wadiah Certificates of BI various 5.26 795,000 PT Barito Pacific Timber Tbk. Bonds 071002 na 36,000 Others various various various 24,537 8,874,346 Trading Bank Indonesia Certificates of Bank Indonesia 012904 8.3125 1,453,260 Republic of Indonesia Treasury Bonds 012504 8.43 60,000 PT Arpeni Pratama Ocean Line Bonds 021008 14.25 idA- 32,984 PT Pembangunan Perumahan Syariah Bonds 122306 13.50 27,000 PT Rajawali Citra TV Bonds 102308 13.50 idA- 19,000 PT Indosat Syariah Bonds 110607 16.33 idAA+ 18,360 PT Ciliandra Perkasa Syariah Bonds 092608 14.75 idBBB 15,000 PT Berlian Laju Tanker Syariah Bonds 052808 14.70 idA- 12,000 PT Perkebunan Nusantara V Promissory notes 121010 idA 11,500 PT Indofood Sukses Makmur Tbk. Bonds 061008 13.50 AA+ 10,000 Bank Bukopin Syariah Bonds 071008 15.09 6,000 PT Federal International Finance Bonds 080904 12.38 idA+ 5,050 PT Adira Dinamika Multifinance Bonds 050604 14.13 idA- 4,000 PT HM Sampoerna Tbk. Bonds 111707 17.50 idAA 3,000 PT Telekomunikasi Indonesia Tbk.Bonds 071607 17.00 AAA 3,000 PT Astra Sedaya Finance Bonds 052007 13.50 A+ 2,006 Perum Pegadaian Bonds 061206 19.25 A+ 2,000 PT Surya Citra Televisi Bonds 062508 13.75 A 2,000 PT Indofood Sukses Makmur Tbk. Bonds 071205 16.00 idAA+ 1,554 PT Charoen Popkhand Indonesia Tbk. Bonds 070208 14.00 idA- 1,056 PT Pupuk Kalimantan Timur Bonds 060607 17.15 idA+ 1,032 Others various various various various 88,930 1,778,732 Available for sale Reksadana Korporasi Mandiri Investment in Mutual Fund undated na 200,000 Republic of Indonesia Treasury Bonds 121512 11.00 200,000 PT Ciliandra Perkasa Bonds 092608 14.75 170,000 PT Mahanusa Capital Medium Term Notes 123103 18.00 125,000 PT Bank Pan Indonesia Tbk. SUFRN 061813 14.00 idBBB+ 50,000 PT Dipasena Citra Darmaja Medium Term Notes 111704 17.75 50,000 PT Arpeni Pratama Ocean Bonds 102008 14.25 39,915 PT Indofood Sukses Makmur Tbk. Bonds 061008 16.00 idAA+ 38,000 PT Astra Sedaya Finance Bonds 052007 13.50 20,495 PT Surya Citra Televisi Bonds 062608 13.75 idA 25,000 PT Bank Negara Indonesia Persero Tbk. Bonds 071011 13.13 21,000 PT Permodalan Nasional Madani Mutual funds 040508 na 20,000 PT Perusahaan Listrik Negara Bonds 080807 13.45 19,671 Perum Pegadaian Promissory notes na na 19,447 Bank Bukopin Bonds 070908 15.09 AA+ 12,000. Others various various various 27,520 1,038,048 ____ Total Rupiah 11,691,126 Based on rating issued by rating agencies including Pefindo and Moody’s