Management Analysis and Discussion on Corporate Performance

Annual Report 2013 PT Bank Mandiri Persero Tbk. FINANCIAL SERVICES AUTHORITY OJK REFERENCES GENERAL DESCRIPTION PAGE List of subsidiaries andor associated companies Including: 1. Names of subsidiary andor associated company 2. Stake percentage 3. Information on line of business of the subsidiaries andor associated companies 4. Operating status of the subsidiaries andor associated companies operational or not yet operational 104-105 Corporate group structure Including subsidiaries, associated companies, joint ventures and special purpose vehicles SPV, or statement of not having any group 103 Stock listing chronology Including: 1. Stock listing chronology 2. Corporate action type which caused stock composition change 3. Change in the number of stocks from the beginning of listing to the end of iscal year 4. Name of stock exchange where the stocks are listed 106 Other securities listing chronology Including: 1. Other securities listing chronology 2. Corporate action type which caused other securities composition change 3. Change in the number of other securities from the beginning of listing to the end of iscal year 4. Name of stock exchange where the other securities are listed 5. Ratings for the securities 106 Name and address of capital market supporting institutions andor professionals Including: 1. Name and address of the Securities Administration Bureau BAE 2. Name and address of the public accounting oice 3. Name and address of the securities rating agency 107 Penghargaan danatau sertiikasi yang diterima perusahaan baik yang berskala nasional maupun internasional Including: 1. Award andor certiicate name 2. Year of bestowment 3. Institution which gave the award andor certiication 4. Validity period for certiication 22-25, 360-361 Nama dan alamat entitas anak danatau kantor cabang atau kantor perwakilan jika ada 104-105, 524

V. Management Analysis and Discussion on Corporate Performance

Operational review per business segment Including descriptions on: 1. Business activity production; 2. Increase decrease in production capacity; 3. Business revenue sales; 4. Proitability; 5. For each business segment as disclosed in the inancial statements if applicable 115-158 Corporate inancial performance outlook Financial performance analysis which includes comparison between the related year and subsequent year in description and tables, including about: 1. Current, non-current and total assets; 2. Short-term, long-term and total liabilities; 3. Equity; 4. Business revenue sales, proit loss and cost, other comprehensive revenue and total comprehensive proit loss 5. Cash lows 305-325 Discussion and analysis on debt repayment capacity and trade receivables collection rate, by using relevant ratios Elucidation on: 1. Debt repayment capacity, in short- and long-term 2. Receivables collection rate 326-328 Annual Report 2013 PT Bank Mandiri Persero Tbk. FINANCIAL SERVICES AUTHORITY OJK REFERENCES GENERAL DESCRIPTION PAGE Capital structure and management of capital structure policies Information on: 1. Capital structure; and 2. Capital structure policies 329 Discussion on material commitments for capital expenditures Information on: 1. Objective of the commitment; 2. Sources of funds which are projected to meet the said commitments; 3. Denomination currency 4. Measures as planned by the company to protect the related foreign currency position risk. Note: Please disclose if the a company has no related commitments without ties to capital goods investments 331-332 If inancial statements disclose material increase or decrease in net revenue sales, provides elucidation on how much the change is related to product or service, andor new product or service Including: 1. Amount of increase decrease in net revenue or sales 2. Factors behind the material increase decrease in net revenue or sales in relation to product or service, andor new product or service 333-335 Comparison between target in the beginning of iscal year and realizations, and target or projection for the following year, regarding revenue, proit, capital structure and other information deemed material for the company Including: 1. Comparison between target in the beginning of iscal year and realizations 2. Target or projection for the following year 336 Material fact and information after the date of accountant report subsequent events Describes material events after the date of accountant report including the impacts on business risks and future performance. Note: if there is no such event, please provide such information 336 Corporate business prospect information Describes corporate prospect in relation to general industry and economy with supporting quantitative and valid data 337-338 Marketing aspect information Describes marketing aspect of products andor corporate services, including marketing strategy and market share 339-340 Information on dividends policy and total cash dividend per share and dividends per year as announced and paid in the last 2 two iscal years Including: 1. Total cash dividends 2. Total cash dividends per share 3. Payout ratio for each year Note: include the reason in the event of no dividend payout 341 Realization of initial public ofering proceeds in the event the company is still required to submit fund realization report Including: 1. Total proceeds 2. Fund use plan 3. Fund use details 4. Fund balance, and 5. Date of AGM on fund use change if applicable 342 Material information on investment, expansion, divestment, business merger combination, acquisition or debt capital restructuring Including: 1. Purpose of transaction; 2. Transaction value or restructured amount; 3. Source of fund Note: if there is no such transaction, please provide such information 343-347 Annual Report 2013 PT Bank Mandiri Persero Tbk. FINANCIAL SERVICES AUTHORITY OJK REFERENCES GENERAL DESCRIPTION PAGE Material transaction with conlict of interests andor transaction with ailiated party Including: 1. Name of party in the transaction and the nature of ailiation; 2. Elucidation on the fairness of the transaction; 3. Reason behind the transaction; 4. Realization of the transaction in the current period; 5. Corporate policy regarding review mechanism for the transaction; 6. Compliance to the related provisions and regulations Note: if there is no such transaction, please provide such information 343-347 Changes in regulation with signiicant impact on the company Including changes in laws and regulations and the impact on the company. Note: if there is no such regulation change, please provide such information 348-350 Changes in accounting policy Including changes in accounting policy, rationale and impact on inancial statements. Note: if there is no such change, please provide such information 350

VI. Good Corporate Governance