PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued SECURITIES

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. 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 41

6. SECURITIES continued