LIABILITY TO UNIT-LINK HOLDERS

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 136

29. ACCEPTANCES PAYABLE

a. By currency, related parties and third parties: December 31, December 31, 2016 2015 Rupiah: Payable to other banks Related parties Note 55 2,443,235 476,752 Third parties 5,256,264 1,607,070 Payable to debtors Related parties Note 55 7,111 41,327 Third parties 344,355 292,893 Total 8,050,965 2,418,042 Foreign currencies: Payable to other banks Related parties Note 55 31,362 87,377 Third parties 6,293,547 8,701,280 Payable to debtors Related parties Note 55 - 1,281 Third parties 413,370 123,293 Total Note 61B.v 6,738,279 8,913,231 14,789,244 11,331,273 b. By maturity: December 31, December 31, 2016 2015 Rupiah: Less than 1 month 1,535,856 543,142 1 - 3 months 1,917,241 1,129,975 3 - 6 months 3,624,366 626,010 6 - 12 months 973,502 118,915 Total 8,050,965 2,418,042 Foreign currencies: Less than 1 month 1,847,555 2,154,980 1 - 3 months 3,358,426 3,252,351 3 - 6 months 1,485,140 2,160,479 6 - 12 months 40,484 1,345,421 More than 12 months 6,674 - Total Note 61B.v 6,738,279 8,913,231 14,789,244 11,331,273 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 137

30. MARKETABLE SECURITIES ISSUED

By type and currencies: December 31, December 31, 2016 2015 Rupiah: Related parties Note 55 Bonds 3,594,000 537,750 Subordinated notes sharia mudharabah 58,000 50,000 Medium-term notes MTN 10,000 - Total 3,662,000 587,750 Third parties Bonds 4,669,000 1,287,250 Subordinated notes sharia mudharabah 317,000 450,000 Medium-term notes MTN 340,000 - Mandiri travelers’ cheques 72,035 77,204 Others - 564 Total 5,398,035 1,815,018 9,060,035 2,402,768 Less: Unamortised issuance cost 34,041 4,590 Net 9,025,994 2,398,178 Bonds On September 30, 2016, Bank Mandiri issued Continuous Bonds I Bank Mandiri Phase I 2016 “Continuous Bonds I Phase I” with a nominal value of Rp5,000,000 which consist of 3 three series: Bonds Nominal value Fixed interest rate per annum Maturity date Series A 1,100,000 7.95 September 30, 2021 Series B 1,500,000 8.50 September 30, 2023 Series C 2,400,000 8.65 September 30, 2026 The interest of Countinous Bonds I Phase I is paid quarterly, with the first payment on December 30, 2016. While the last payment of interest and also the maturity and payment date of the bonds’ principal will fall on September 30, 2021 for series A; September 30, 2023 for series B; and September 30, 2026 for series C. The Trustee for Continuous Bonds I Phase I is PT Bank Tabungan Negara Persero Tbk. During the validity period of the Bonds and prior to the repayment of the bonds, Bank Mandiri is under obligation to: i maintain at all times the Bank’s financial level in good condition as regulated by FSA; ii maintain the bank’s health level at a minimum in the composite level 3 three which is “Fair”, according to internal assessment based upon Bank Indonesia’s regulation; iii obtain and comply with permits and approvals from the Government and other parties and ensure that the Bank conform with Indonesia’s rules and regulations. Bank Mandiri, without a written consent from the Trustee will not: i reduce the Bank’s issued and fully paid up capital except such a reduction is conducted based on regulations from the Government of Indonesia or Bank Indonesia; ii undergo a change in its main business; iii undergo merger, consolidation, or acquisitions which led to the dissolution of Bank Mandiri.