OTHER LIABILITIES Deferred tax assets

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 593 30. SUBORDINATED LOANS continued Two-Step Loans TSL continued b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF-OECF continued The details of outstanding credit facilities from the International ASEAN Japan Development Fund Overseas Economic Cooperation Fund AJDF-OECF are as follows: 2009 2008 2007 a Pollution Abatement Equipment Program PAE 44,048 56,633 69,218 b Small Scale Industry SSI 1,456 1,872 2,288 45,504 58,505 71,506 The drawdown on the above AJDF-OECF facilities are repayable within twenty years after the first drawdown inclusive of a 5 year grace period, repay in 30 thirty semi-annual installments starting on 15 August 1998 to 15 February 2013. The PAE facility is subject to a variable interest rate determined every 6 six months based on the prevailing average interest rate for t he past six months of the three months Certificates of Bank Indonesia, less 5.00 per annum. The SSI facility is subject to a variable interest rate determined every six months based on the prevailing average interest rate of three-months Certificates of Bank Indonesia for the past six months, less 2.50 per annum. c ASEAN Japan Development Fund - Export - Import Bank of Japan AJDF-EBJ This account represents a credit facility obtained from the AJDF-EBJ to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia , which re-lent the proceeds to participating banks to finance investment projects and working capital requirements of small-scale industries. The credit facility amounted to Rp9,560 are repayable within 15 years after the first drawdown inclusive of three years grace period, with the first installment starting on 15 December 1997. The facility is subject to an interest rate determined every six months based on the prevailing average interest rate for the past six months for three months Certificates of Bank Indonesia. The Bank has fully repaid the AJDF – EBJ loan facility on 15 June 2009. d Asian Development Bank ADB This account represents credit facilities from the ADB to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance several projects in Indonesia. The details of these facilities are as follows: Credit Facility Purpose Repayment Period ADB 1327-INO SF To finance Micro Credit Project. 15 January 2005 - 15 July 2029 with 1 st installment on 15 January 2005 ADB Perkebunan Nusantara XII and Nescoco Inti To finance Government projects in plantation industry. 15 February 1989 - 15 September 2008 with 1 st installment on 15 March 1995 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 594 30. SUBORDINATED LOANS continued