GENERAL Establishment and general information

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2011 AND 2010, AND YEARS ENDED DECEMBER 31, 2011 AND 2010 Figures in tables are presented in billions of Rupiah, unless otherwise stated 14

1. GENERAL

continued

d. Subsidiaries continued

ii Indirect subsidiaries: continued Percentage of Nature of business effective Total assets date of incorporation Date of ownership interest before elimination Subsidiaryplace of or acquisition by commercial incorporation the Company operation 2011 2010 2011 2010 PT Administrasi Medika Heatlh insurance 2010 75 75 83 60 “Ad Medika”, administration services Jakarta, Indonesia February 25, 2010 PT Metra-Net “Metra-Net” Multimedia portal 2009 100 100 41 42 Jakarta, Indonesia serviceApril 17, 2009 Telkomsel Finance B.V., Finance - established 2005 65 65 8 8 “TFBV”, Amsterdam, in 2005 for the The Netherlands purpose of borrowing, lending and raising funds including issuance of bonds, promissory notes or debts February 7, 2005 Telekomunikasi Indonesia Telecommunication 2010 100 100 56 3 International Ltd., December 8, 2010 Hongkong Aria West International Established to engaged 1996; ceased 100 100 Finance B.V. in rendering services operation on “AWI BV”, in the field of trade July 31, 2003 The Netherlands and finance services June 3, 1996 Telekomunikasi Selular Finance - established 2002 65 65 Finance Limited to raise funds “TSFL”, Mauritius for the development of Telkomsel’s business through the issuance of debenture stock, bonds, mortgages or any other securities April 22, 2002 a Indonusa On March 8, 2011, based on the Circular Meeting of Stockholders of Indonusa as covered by notarial deed No. 18 of Dr. A. Partomuan Pohan, S.H., LLM., dated March 14, 2011, the Company agreed to the conversion of debt of Rp.175 billion debt to equity swap into shares issued and fully paid capital to become Rp.552 billion. b GSD On December 27, 2011, GSD established a subsidiary with Yayasan Kesehatan “Yakes”, an affiliated company of the Company, called PT Telkom Landmark Tower “TLT” with 55 ownership. TLT will engage in providing construction and trading, services for property development and management. As of December 31, 2011, the deed of establishment was yet to be approved by the Minister of Justice of the Republic of Indonesia. For the year ended December 31, 2011, TLT had no financial and operational activities.

e. Authorization of the consolidated financial statements

The consolidated financial statements were authorized for issue by the Board of Directors on March 30, 2012.