BANK LOANS continued LIABILITIES OF BUSINESS ACQUISITIONS

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated - 76

26. MINORITY INTEREST

2004 2005 Minority interest in net assets of subsidiaries: Telkomsel 4,857,089 6,208,354 Infomedia 80,883 96,835 PII 456 - GSD 4 4 Total 4,938,432 6,305,193 2004 2005 Minority interest in net income loss of subsidiaries: Telkomsel 1,915,543 3,026,029 Infomedia 37,088 37,940 Dayamitra 9,139 - Indonusa 1,959 - Napsindo 2,068 - PII 1,443 - GSD 1 2 Total 1,956,301 3,063,971 27. CAPITAL STOCK 2004 Percentage Total Number of Shares of Ownership Paid-up Capital Rp Series A Dwiwarna share Government of the Republic of Indonesia 1 - - Series B shares Government of the Republic of Indonesia 10,320,470,711 51.19 2,580,118 JPMCB US Resident Norbax Inc. 1,378,468,925 6.84 344,617 The Bank of New York 1,568,517,736 7.78 392,129 Board of Commissioners Petrus Sartono 19,116 - 5 Board of Directors Kristiono 25,380 - 6 Suryatin Setiawan 21,708 - 5 Woeryanto Soeradji 16,524 - 4 Public below 5 each 6,892,459,179 34.19 1,723,116 Total 20,159,999,280 100.00 5,040,000 Description PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated - 77

27. CAPITAL STOCK

continued 2005 Percentage Total Number of Shares of Ownership Paid-up Capital Rp Series A Dwiwarna share Government of the Republic of Indonesia 1 - - Series B shares Government of the Republic of Indonesia 10,320,470,711 51.19 2,580,118 JPMCB US Resident Norbax Inc. 1,992,333,765 9.88 498,083 The Bank of New York 1,291,002,696 6.41 322,751 Board of Commissioners Petrus Sartono 19,116 - 5 Board of Directors Garuda Sugardo 16,524 - 4 Abdul Haris 1,000 - - John Welly 21,712 - 5 Guntur Siregar 19,980 - 5 Public below 5 each 6,556,113,775 32.52 1,639,029 Total 20,159,999,280 100.00 5,040,000 Description

28. ADDITIONAL PAID-IN CAPITAL

2004 2005 Proceeds from sale of 933,333,000 shares in excess of par value through initial public offering in 1995 1,446,666 1,446,666 Capitalization into 746,666,640 series B shares in 1999 373,333 373,333 Total 1,073,333 1,073,333