CAPITAL STOCK continued 2008 FS30Sep08EngFinal1

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 69 29. DIFFERENCE IN VALUE ARISING FROM RESTRUCTURING TRANSACTIONS AND OTHER TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL The balance of this account amounting to Rp.270,000 million arose from the early termination of the Company’s exclusive rights to provide local and domestic fixed line telecommunication services. As discussed in Note 1a, on December 15, 2005, the Company signed an Agreement on Implementation of Compensation for Termination of Exclusive Rights with the State MoCI - DGPT, which was amended on October 18, 2006. Pursuant to this agreement, the Government agreed to pay Rp.478,000 million, net of tax, to the Company over a five-year period where Rp.90,000 million shall be paid from the 2005 State budget, Rp.90,000 million from the 2006 State budget and the remaining Rp.298,000 million shall be paid gradually or in one lump-sum payment based on the State’s financial ability. In addition, the Company is required by the Government to use the funds received from this compensation for the development of telecommunications infrastructure. As of September 30, 2007 and 2008, the Company has received an aggregate of Rp.180,000 million and Rp.270,000 million, respectively, in relation to the compensation for the early termination of exclusivity rights, being Rp.90,000 million each paid on December 30, 2005, December 28, 2006 and December 13, 2007, respectively. The Company recorded these amounts in “Difference in value arising from restructuring transactions and other transactions between entities under common control” in the Stockholders’ Equity section. These amounts are recorded as a component of Stockholders’ Equity because the Government is the majority and controlling stockholder of the Company. The Company will record the remaining amount of Rp.208,000 million when received. As of September 30, 2007 and 2008, the development of the related infrastructures amounted to Rp.190,998 million and Rp.296,872 million, respectively. 30. TELEPHONE REVENUES 2007 2008 Fixed lines Local and SLJJ 5,401,757 4,613,580 Monthly subscription charges 2,783,349 2,756,481 Phone cards 819 7,715 Installation charges 88,785 39,857 Others 190,919 114,928 Total 8,465,629 7,452,847 Cellular Usage charges 16,242,014 17,267,588 Features 187,686 524,838 Monthly subscription charges 191,659 290,544 Connection fee charges 95,099 197,771 Total 16,716,458 18,280,741 Total Telephone Revenues 25,182,087 25,733,588 PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 70

31. INTERCONNECTION REVENUES 2007

2008 Revenues 9,378,332 9,022,406 Expenses 2,257,468 2,383,169 Total - Net 7,120,864 6,639,237 Based on the MoCI Regulation No. 08PerM.KOMINFO022006, the implementation of cost-based interconnection tariff is applicable beginning January 1, 2007 Note 48. Refer to Note 44 for details of related party transactions. 32. DATA AND INTERNET REVENUES 2007 2008 Short Messaging Services SMS 8,702,155 8,587,860 Internet 971,384 1,567,268 Data communication 308,058 475,328 Voice over Internet Protocol “VoIP” 157,899 108,409 e-Business 24,555 22,298 Total 10,164,051 10,761,163 33. NETWORK REVENUES 2007 2008 Leased lines 146,290 484,710 Satellite transponder lease 454,849 311,450 Total 601,139 796,160 Refer to Note 44 for details of related party transactions. 34. REVENUE-SHARING ARRANGEMENTS “RSA” REVENUES 2007 2008 RSA revenues 107,885 100,667 Amortization of unearned income Note 12 212,468 166,851 Total 320,353 267,518