PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 39

6. SECURITIES continued

b. By Type, Currency and Collectibility: 2008 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Certificates of Bank Indonesia 19,903,800 - 91,640 19,995,440 - - 19,995,440 Investments in mutual fund units 362,396 - 633 363,029 - - 363,029 Bonds 62,280 - 2,590 59,391 - 299 59,690 Shares 216 - 110 106 - - 106 20,328,692 - 89,573 20,417,966 - 299 20,418,265 Available for sale Investments in mutual fund units 27,987 - 3,270 24,717 - - 24,717 Syariah Mudharabah bonds 8,000 - 765 8,765 - - 8,765 35,987 - 2,505 33,482 - - 33,482 Held to maturity Wadiah Certificates of Bank Indonesia 1,305,000 - - 1,305,000 - - 1,305,000 Syariah Mudharabah bonds 994,262 8,141 - 986,121 - - 986,121 Bonds 581,000 34,788 - 546,212 - - 546,212 Export bills 170,015 - - 170,015 - - 170,015 3,050,277 42,929 - 3,007,348 - - 3,007,348 Total Rupiah 23,414,956 42,929 87,068 23,458,796 - 299 23,459,095 Foreign currency: Available for sale Export bills 202,835 - - 202,835 - - 202,835 Floating rate notes 141,404 - 32,274 109,130 - - 109,130 Bonds 94,866 - 14,537 80,329 - - 80,329 439,105 - 46,811 392,294 - - 392,294 Held to maturity Export bills 361,750 - - 356,286 - 5,464 361,750 Bonds 349,764 1,376 - 351,140 - - 351,140 Treasury bills 72,085 42 - 72,043 - - 72,043 Floating rate notes 32,700 129 - 32,571 - - 32,571 816,299 1,205 - 812,040 - 5,464 817,504 Total foreign currency 1,255,404 1,205 46,811 1,204,334 - 5,464 1,209,798 Total 24,670,360 41,724 40,257 24,663,130 - 5,763 24,668,893 Less: Allowance for possible losses 38,283 - 5,763 44,046 Net 24,624,847 - - 24,624,847 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 40

6. SECURITIES continued

b. By Type, Currency and Collectibility continued: 2007 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Certificates of Bank Indonesia 22,780,819 - 73,209 22,854,028 - - 22,854,028 Bonds 252,122 - 5,247 257,091 - 278 257,369 Shares 16,782 - 1,974 14,808 - - 14,808 Investments in mutual fund units 13,532 - 1,152 14,684 - - 14,684 Medium - Term Notes 3,900 - - 3,900 - - 3,900 23,067,155 - 77,634 23,144,511 - 278 23,144,789 Available for sale Wadiah Certificates of Bank Indonesia 670,000 - - 670,000 - - 670,000 Bonds 439,975 - 1,836 441,811 - - 441,811 Investments in mutual fund units 32,843 - - 32,843 - - 32,843 Medium - Term Notes 30,000 - - 30,000 - - 30,000 Syariah Mudharabah bonds 6,000 - - 6,000 - - 6,000 1,178,818 - 1,836 1,180,654 - - 1,180,654 Held to maturity Mandatory convertible bonds 1,018,809 - - - - 1,018,809 1,018,809 Syariah Mudharabah bonds 787,200 10,840 - 776,360 - - 776,360 Export bills 283,934 - - 283,934 - - 283,934 Negotiable Certificates of Deposit 315 - - 315 - - 315 2,090,258 10,840 - 1,060,609 - 1,018,809 2,079,418 Total Rupiah 26,336,231 10,840 79,470 25,385,774 - 1,019,087 26,404,861 Foreign currency: Trading Bonds 37,347 - - 37,347 - - 37,347 Available for sale Export bills 118,356 - - 118,356 - - 118,356 Floating rate notes 66,004 - 728 65,276 - - 65,276 Treasury bills 39,108 - 5 39,103 - - 39,103 Bonds 27,917 - 636 27,281 - - 27,281 Promissory notes 16,794 - 1,756 18,550 - - 18,550 268,179 - 387 268,566 - - 268,566 Hold to maturity Export bills 1,309,000 - - 1,249,385 7,403 52,212 1,309,000 Bonds 206,646 2,335 - 208,981 - - 208,981 Floating rate notes 103,323 2 - 103,321 - - 103,321 Treasury bills 99,300 326 - 98,974 - - 98,974 1,718,269 2,007 - 1,660,661 7,403 52,212 1,720,276 Total foreign currency 2,023,795 2,007 387 1,966,574 7,403 52,212 2,026,189 Total 28,360,026 8,833 79,857 27,352,348 7,403 1,071,299 28,431,050 Less: Allowance for possible losses 42,088 1,110 1,071,299 1,114,497 Net 27,310,260 6,293 - 27,316,553 Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value.