0.00 70.14 Mandiri - Investor Relations - Corporate Presentations

50 Stated in Rp Millions Series Fixed Rate - FR0002 15-Jun-09 14.00 68 - - 101.722 69 - - FR0010 15-Mar-10 13.15 - - 1,350,000 100.000 - - 1,350,000 FR0014 15-Nov-10 15.58 - 2,947 - 105.612 - 3,112 - FR0019 15-Jun-13 14.25 - 231,028 - 104.948 - 242,459 - FR0020 15-Dec-13 14.28 - 291 - 105.509 - 307 - Sub Total 68 234,266 1,350,000 69 245,879 1,350,000 Variable Rate VR0017 25-Jun-11 9.91 - 298,270 - 100.113 - 298,607 - VR0019 25-Dec-14 9.91 - 5,050,000 1,114,300 99.849 - 5,042,375 1,114,300 VR0020 25-Apr-15 9.72 - 4,100,000 391,029 99.252 - 4,069,332 391,029 VR0021 25-Nov-15 9.74 - 2,400,000 690 99.861 - 2,396,664 690 VR0022 25-Mar-16 9.91 - 692,844 6,796,813 99.897 - 692,130 6,796,813 VR0023 25-Oct-16 9.72 - 659,738 4,086,068 99.825 - 658,583 4,086,068 VR0024 25-Feb-17 9.74 - - 8,210,550 100.000 - - 8,210,550 VR0025 25-Sep-17 9.91 - - 5,210,550 100.000 - - 5,210,550 VR0026 25-Jan-18 9.72 - - 3,475,267 100.000 - - 3,475,267 VR0027 25-Jul-18 9.72 - - 3,475,267 100.000 - - 3,475,267 VR0028 25-Aug-18 9.74 - 1,696,428 3,475,267 99.811 - 1,693,222 3,475,267 VR0029 25-Aug-19 9.74 - 5,344,421 3,475,267 99.761 - 5,331,648 3,475,267 VR0030 25-Dec-19 9.91 - - 8,016,765 100.000 - - 8,016,765 VR0031 25-Jul-20 9.72 - 5,597,343 12,016,765 99.725 - 5,581,950 12,016,765 - 25,839,044 59,744,598 - 25,764,511 59,744,598 68 26,073,310 61,094,598 69 26,010,390 61,094,598

0.00 29.91

70.09 0.00

29.86 70.14

87,167,976 87,105,057 Total Fair Value Interest Rate Mark To Market Total Nominal Value Sub Total Grand Total AFS HTM Maturity Date Nominal Fair Value Trading AFS HTM Trading 51 3 Support Rating CD Individual Rating Stable Short Term Outlook B Short Term Local Currency Debt idnAA+ BB BB- B BB Stable Fitch Ba3 Subordinated Debt NP B Short Term Foreign Currency Debt idAA BB- Long Term Local Currency Debt Bank Mandiri Ratings Stable Long Term Local Currency Outlook B2 Long Term Bank Deposits WR BB- Long Term Foreign Currency Debt Positive Stable Long Term Foreign Currency Outlook B National Rating D- Bank Financial Strength Pefindo Moody’s SP 52 Dividend Payment Dividend Payment Net Profit for the financial year of 2007 of Rp4,346,223,721,208.00 was distributed as follows: ƒ 50, or Rp2,173,111,860,604.00, for the annual dividend ƒ 40, or Rp1,738,489,488,483.20, for a one-time “special dividend“ ƒ Total Dividend Payment of Rp186.00 per share Schedule : a. Cum Date : June 19, 2008 b. Ex Date : June 20, 2008 c. Payment Date : July 3, 2008 Net Profit for the financial year of 2006 of Rp2,421,405,120,753.71 was distributed as follows: ƒ 50, or Rp1,210,702,560,376.86, for the annual dividend ƒ 10, or Rp242,140,512,075.37, for a one-time “special dividend“ ƒ Total Dividend Payment of Rp70.28 per share 53 113,940 592 11,721 43 8 1,310 1,840 125,759 Beg. Bal. DG to 2 UG from 2 DG to NPL UG from NPL Net Disburs. FX Impact End Bal. Category 1 Loan Movements Rp bn – Bank Only Category 2 Loan Movements Rp bn – Bank Only 146 252 71 446 1,310 1,840 13,452 13,502 Beg. Bal. Cat. 1 DG UG to 1 DG to NPL NPL UG Net Collect. FX Impact End Bal. 54 Loan Profile: Q3 Collectibility by Segment Bank Only 81.7 90.4 89.6 85.0 11.5 6.0 7.5 11.7 8.9 2.4 0.5 3.8 2.5 1.9 88.6 0.3 0.4 0.7 2.3 1.7 Corp Comm Small Micro Cons 5 4 3 2 1 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 60,000 65,000 Corp Comm Small Micro Cons 5 4 3 2 1 Loan Profile: Q3 Collectibility Rp bn by Segment Bank Only 55 10 20 30 40 50 60 70 Current 30 Days OD Quarterly DG to NPL Interest DPD - Bank Only 11, 161 6, 901 1, 177 4, 106 1, 558 1, 304 1, 031 1, 644 235 783 134 503 596 325 561 2,000 4,000 6,000 8,000 10,000 12,000 Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Rp Value Quarterly NPL Stock Interest DPD - Bank Only Rp tn 17, 456 24, 962 6, 510 6, 586 24, 193 26, 248 26, 424 25, 665 25, 414 17, 960 17, 180 6 ,5 5 8 10, 654 13, 603 16, 500 5,000 10,000 15,000 20,000 25,000 30,000 Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Rp Value Excluding Micro Consumer Loans Only 10 20 30 40 50 60 70 Current 30 Days OD 56 2 3 ,9 8 7 2 1 ,0 4 5 1 9 ,4 2 7 2 ,9 1 4 2 ,6 4 5 1 6 ,2 4 2 2 9 ,5 4 2 2 5 ,1 2 3 2001 Ad d De d u ct 2002 Ad d De d u ct 2003 Ad d De d u ct 2004 Ad d De d u ct 2005 Ad d De d u ct 2006 Ad d De d u ct 2007 Ad d De d u ct 9- M 08 Others Write-Offs Repayments Restructuring B alance IDR bn Others includes partial payments, FX impacts, and fluctuation in Working Capital facilities Loans by Restructuring Type in Q3 2008 LT loans wconvert. option 9 Maturity extension wother restrg 14 Maturity extension wreduced rates 27 Maturity extension 49 Other Restructuring includes reduction of interest rates, rescheduling of unpaid interest extension of repayment period for unpaid interest Restructured Loan Movement 2000 - 9-Mo. ‘08 296 364 H1 ‘08 388 97 Q3 ‘08 2,398 5,573 ‘06 2,567 2,445 ‘07 813 391 ‘04 1,118 NPL Collections 718 Loans Restructured ‘05 Rp billions 57 Trans 8.5 Agri 10.4 Oth4 9.2 Mfg-PP 3.9 Trading-Distr 4.3 Trading-Ret 4.5 Trading-Oth 4.9 Bus Serv 6.2 Mfg-Oth 12.9 Mfg-FB 12.2 Constr 8.1 Mining 7.2 Mfg-Chem 7.7 Mfg-Oth Mfg-FB Agri Trans Constr Mfg-Chem Mining Bus Serv Trading-Oth Trading-Ret Trading-Distr Mfg-PP Oth4 1 Non-consolidated numbers Each sector 4 Excluding Micro Consumer Loans Only 58 „ 26.4 were still current on interest payments „ 23.8 were Corporate borrowers and 53.0 came from our Commercial portfolio „ 27.4 were loans previously restructured „ Largest downgrades by sector: ¾ Textile Manufacturing ¾ Construction ¾ Retail „ 59.3 were IDR loans „ 53.8 were Working Capital loans „ 70.4 were more than 90 days overdue in interest payments Comm Small 3 4 5 Mfg-Text Constr Trading-Ret Mfg-Wood Trading-Distr Trading-Exp Agri Mfg-Oth Oth5 IDR USD O ther WC LC Export Synd Invest Current 30 Days 61-90 Days 90+ Days 10 20 30 40 50 60 70 80 90 100 Segment Collectibility Sector Currency Purpose Int. Aging Excluding Micro Consumer Loans Only Corporate, Commercial Small Business loans downgraded to NPL in Q3 totaled Rp325 billion 0.22 of total loans. Of these loans: Loan Profile: Q3 Downgrades to NPL Rp325 bn - Bank Only 59 Loan Profile: Q3 NPLs Rp6,586 bn Bank Only „ 37.9 remain current on interest payments and 2.8 are less than 90 days overdue „ 71.1 are to Corporate customers „ 41.7 are Working Capital loans and 22.2 are Investment loans „ Primary sectors are: ¾ Manufacturing • Chemicals • Textiles • Non-Metals ¾ Trading „ 53.3 are Rupiah loans „ 50.8 were previously restructured „ 29.0 are Cat. 3 11.0 are Cat. 4 „ 71 saw no change in collectibility, while 15.9 were upgraded in Q3 Corporate, Commercial Small Business NPLs totaled Rp6,586 billion in Q3, or 4.5 of total loans. Of these NPLs in Q3: Corp Comm Small 3 4 5 Mfg-Chem Mfg-NonM Mfg-Text Mfg-Oth Trading-Oth Trading-Dom Mining Oth5 IDR USD WC Invest Synd LC Export Program Current 30 Days 90+ Days 10 20 30 40 50 60 70 80 90 100 Segment Collectibility Sector Currency Purpose Int. Aging Excluding Micro Consumer Loans Only 60 Corp Comm Small C u rre nt 1 Day 30 31-60 61+ Constr Mfg-Chem Trading-Ret Bus Serv Mfg-Oth Mfg-FB Trading-Distr Oth5 IDR USD WC Invest Synd Consumer Other 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Segment Int. Aging Sector Currency Purpose Origin Year Loan Profile: Q3 Downgrades to Cat. 2 loans Rp1,024 bn - Bank Only „ 44.3 are for Commercial 49.2 are to Small Business customers „ 55.8 are current 4.9 are 1 day overdue „ Primary sectors downgraded are: ¾ Construction ¾ Chemical Manufacturing ¾ Retail Trading ¾ Business Services „ 83.6 are Rupiah loans „ 67.6 are Working Capital loans „ 0.2 are Restructured loans Rp1,024 billion 0.7 of total loans in Corporate, Commercial Small Business loans were downgraded to Category 2 in Q3. Of the Special Mention Loans downgraded in Q3: Excluding Micro Consumer Loans Only 61 Corp Comm Small C u rre nt 1 Day 30 31-60 61+ Mfg-PP Mfg-Text Constr Mfg-Oth Trading Mfg-Chem Agri Oth5 USD IDR Invest WC Synd Export O ther 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Segment Days Aging Sector Currency Purpose Origin Year Loan Profile: Q3 Category 2 Loans Rp11,371 bn Bank Only „ 69.3 are to Corporate customers „ 81.8 are current or 1 day overdue „ Primary sectors in Category 2 are: ¾ Pulp Paper ¾ Textile Manufacturing ¾ Construction ¾ Trading ¾ Chemical Manufacturing „ 57.0 are US Dollar loans „ 32.8 are Investment loans „ 68.2 are Restructured loans „ 0.5 were purchased from IBRA „ 87.8 were Category 2 in Q2 ‘08 Rp11,371 billion 7.8 of total loans in Corporate, Commercial Small Business loans were in Category 2 in Q3. Of these Special Mention loans in Q3: Excluding Micro Consumer Loans Only 62 „ 54.8 were to Commercial borrowers „ 76.5 originated between 2000 and 2004 „ 81.2 were previously restructured loans „ Largest upgrades by sector: ¾ Food Beverage Manufacturing ¾ Distribution ¾ Business Services „ 100 were Rupiah loans „ 78.6 were Working Capital loans „ 52.8 of upgrades to PL were NPLs moving to Category 1 Corp Comm Small 2000-2004 2004 Mfg-FB Trading-Distr Bus Serv Mfg-Oth Trading-Ret Oth5 IDR WC Invest Program 1 2 10 20 30 40 50 60 70 80 90 100 Segment Origin Year Sector Currency Purpose Collect. Excluding Micro Consumer Loans Only Corporate, Commercial Small Business loans upgraded to PL in Q3 totaled Rp68 billion 0.05 of total loans. Of these loans: Loan Profile: Q3 Upgrades to PL Rp68 bn - Bank Only 63 Corp Comm Small 2000 2000-2004 2004 Mfg-Oth Trading Mfg-FB Agri Trans Constr Mining Mfg-Chem Bus Serv Oth5 IDR USD WC Invest Synd Export Other 1 2 10 20 30 40 50 60 70 80 90 100 Segment Origin Year Sector Currency Purpose Collect. Loan Profile: Q3 Performing Loans Rp117,096 bn Bank Only „ 54.7 are to Corporate customers 33.9 are to Commercial customers „ 73.5 originated since 2005 „ 89.0 have no restructuring history „ 11.0 are Restructured loans „ 0.3 were purchased from IBRA „ Primary sectors are: ¾ Trading ¾ Food Beverage Manufacturing ¾ Agriculture ¾ Transportation „ 70.3 are Rupiah loans „ 44.8 are Working Capital loans „ 85.2 saw no change in collectibility „ 0.1 were upgraded from NPL Rp117,096 billion 80.0 of total loans in Corporate, Commercial Small Business loans were performing in Q3. Of these performing loans in Q3: Excluding Micro Consumer Loans Only 64 1 2 3 4 5 Current 30 Days 31-60 Days 90+ Mfg-PP Mfg-Text Mfg-Oth Mfg-Chem Mfg-NonM Trading Constr Agri Oth5 IDR USD Invest WC Synd Export Program Corp Comm Small 10 20 30 40 50 60 70 80 90 100 Collect. NPL Aging Sector Currency Purpose Segment Loan Profile: Q3 Restructured Loans Rp16,242 bn Bank Only „ 79.4 are performing „ 87.3 of loans in Category 2 are current in interest payments „ Of the 20.6 which are in NPL, 46.6 are current in interest payments „ Primary sectors are: ¾ Manufacturing • Chemicals • Textiles • Pulp Paper ¾ Construction ¾ Trading „ 55.6 are Rupiah loans „ 33.2 are Investment loans „ 71.4 are to Corporate customers „ 2.1 deteriorated in collectibility „ 8.5 showed improved collectibility Of the remaining Rp16,242 billion in restructured Corporate, Commercial Small Business loans in Q3, or 11.1 of total loans: Excluding Micro Consumer Loans Only 65 1 2 3 5 Cu rren t 1 Day 31-60 Mfg-FB Mfg-Oth Trans Mining Agri Mfg-Chem Bus Serv Trading Mfg-PP Oth5 IDR USD Invest WC Synd LC Export Other 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Collect. Cat. 2 Aging Sector Currency Purpose Origin Year „ 93.2 are performing loans, with 11.5 in Category 2 „ 91.4 of Category 2 loans are current in interest payments „ 50.3 of NPLs are current in interest payments „ Primary sectors in Corporate are: ¾ Food Beverage Mfg ¾ Mining ¾ Agriculture ¾ Transportation „ 56.2 are Rupiah loans „ 34.2 are Investment loans „ 16.9 are Restructured loans „ 0.1 were purchased from IBRA Loan Profile: Q3 Corporate Loans Only Rp68,733 bn Bank Only Rp68,733 billion in loans were in the Corporate portfolio in Q3, or 46.9 of total loans. Of the Corporate Loans in Q3: 66 „ 96.4 are performing, with 6.0 in Category 2 „ 66.2 in Category 2 are current or 1 day overdue in interest payments „ 8.4 of NPLs are current in interest payments „ Primary sectors in Commercial are: ¾ Trading ¾ Agriculture ¾ Construction ¾ Chemical Manufacturing „ 81.4 are Rupiah loans „ 54.2 are Working Capital loans „ 10.5 are Restructured loans „ 0.6 were purchased from IBRA 1 2 3 5 Cu rren t 1 Day 30 31-60 61+ Mfg-Oth Constr Trading-Oth Agri Mfg-Chem Trading-Distr Bus Serv Trans Mfg-FB Oth5 IDR USD WC Invest Synd Export 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Collect. Cat. 2 Aging Sector Currency Purpose Origin Year Loan Profile: Q3 Commercial Loans Only Rp41,183 bn Bank Only Rp41,183 billion in loans were in the Commercial portfolio in Q3, or 28.1 of total loans. Of the Commercial Loans in Q3: 67 „ 97.1 are performing, with 7.5 in Category 2 „ 45.7 in Category 2 are current or 1 day overdue in interest payments „ 4.2 of NPLs are current in interest payments „ Primary sectors in Commercial are: ¾ Retail Trading ¾ Plantations ¾ Business Services ¾ Manufacturing „ 99.7 are Rupiah loans „ 70.4 are Working Capital loans „ 2.4 are Restructured loans 1 2 5 Current 1 Day 30 31-60 61+ Trad-Ret Agri Bus Serv Mfg Trad-Distr Trad-Oth Constr Oth5 IDR USD WC Invest Consumer Program 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Collect. Cat. 2 Aging Sector Currency Purpose Origin Year Loan Profile: Q3 Small Business Loans Only Rp13,766 bn Bank Only Rp13,766 billion in loans were in the Small Business portfolio in Q3, or 9.4 of total loans. Of the Small Business Loans in Q3: Excluding Micro Loans 68 1 2 3 5 Cu rren t 1 Day 30 31-60 61+ Mfg-Oth Mfg-FB Agri Trans Constr Trad-Oth Bus Serv Trad-Ret Mfg-Chem Oth5 Corp Comm Small WC Invest Export Other 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Collect Cat 2 Aging Sector Segment Purpose Origin Year Loan Profile: Q3 Loans Rp85,854 bn Bank Only „ 95.9 are performing loans with 5.7 in Category 2 „ 69.5 of Category 2 loans are current in interest payments „ 42.4 of NPLs are current in interest payments „ Primary sectors in Rupiah loans are: ¾ Plantations ¾ Transportation ¾ Food Beverage Mfg ¾ Construction „ 45.0 are Corporate loans „ 59.7 are Working Capital loans „ 10.5 are Restructured loans „ 0.1 were purchased from IBRA Rp85,854 billion in loans were Rupiah denominated in Q3, or 58.6 of total loans. Of the Rupiah Loans in Q3: Excluding Micro Consumer Loans Only 69 1 2 3 5 Current 30 31-60 61+ Mining Mfg-Chem Mfg-FB Mfg-PP Mfg-Oth Trading Mfg-Text Agri Oth5 Corp Comm Invest Synd LC WC Other 2000 2000- 2004 2004 10 20 30 40 50 60 70 80 90 100 Collect Cat 2 Aging Sector Segment Purpose Origin Year Loan Profile: Q3 FX Loans Rp37,828 bn Bank Only „ 91.9 are performing loans with 17.1 in Category 2 „ 89.7 of Category 2 loans are current in interest payments „ 32.8 of NPLs are current in interest payments „ Primary sectors in Corporate are: ¾ Mining – Oil Gas ¾ Manufacturing of ‰ Chemicals ‰ FB ‰ Pulp Paper ¾ Textiles „ 79.7 are Corporate loans „ 35.7 are Investment loans „ 19.1 are Restructured loans „ 0.7 were purchased from IBRA Rp37,828 billion in loans were foreign currency denominated in Q3, or 25.8 of total loans. Of the FX Loans in Q3: Excluding Micro Consumer Loans Only 70 Mandiri Credit Card Delinquency Rates 82.9 35.9 98.7 87.5 78.7 79.4 33.1 34.5 51.4 37.5 68.4 63.6 72.2 80.1 30.8 29.7 37.1 37.4 17.6 2 4.7 6.3 8.2 13.913.814.5 18.1 Q1 4 Q2 4 Q3 4 Q4 4 Q4 5 Q1 6 Q2 6 Q3 6 Q4 6 Q1 7 Q2 7 Q3 7 Q4 7 Q1 8 Q2 8 Q3 8 NPLs 90+DPD Write-Offs Recoveries Monthly Charge-offs, NPLs Recoveries Rp Bn 16.8 11.7 7.2 6.4 8.8 10.4 16.1 10.2 7.1 4.3 3.8 5.4 6.1 10.7 3.4 5.3 10.8 6.8 4.4 2.2 1.9 3.1 3.7 6.9 5.0 9.5 4.5 1.21.1 1.7 2.4 5.8 2.1 2.4 4.3 2.0 Q1 04 Q2 04 Q3 04 Q4 04 Q4 05 Q1 06 Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 30 DPD - Rp 90 DPD - Rp 30 DPD - Cards 90 DPD - Cards 71 Classification by Aging of Interest Payments Classification by Aging of Interest Payments BI Collectibility takes precedence BI Collectibility takes precedence One Debtor, One Project Concept One Debtor, One Project Concept Completeness of Financial Report Completeness of Financial Report Detailed Classification Guidance Detailed Classification Guidance Business Outlook ¾ Business growth potential ¾ Market condition debtor position in the market ¾ Management quality ¾ Group support ¾ Environmental factors Financial Condition ¾ Profitability ¾ Capital structure ¾ Cash flow ¾ Sensitivity to market risk Payment Ability ¾ On time payment ¾ Availability of debtor’s financial information ¾ Completeness of credit documentation ¾ Compliance toward credit agreement ¾ Nature of payment source ¾ Appropriateness of funds usage In instances where there is disagreement in the determination of earning asset collectibility between the bank, its external auditors and BI, the bank must adopt BI’s determination ¾ The Bank must classify all of its earning assets to a single debtor at the level of the lowest quality asset ¾ For debtors with exposures to more than one bank, all banks must adopt the lowest classification applied by any one bank to the debtor. ¾ All earning assets related to a particular project must be classified at the same level ¾ Banks must require debtors to submit current financial statements ¾ Failure to submit financial statements must result in an automatic downgrade of collectibility by one level, or to a maximum classification of sub-standard No change to BI Prov. Req. Current Previously Classification by Payment History 100 181+ days 271+ days Category 5 - Loss 50 121 – 180 days 181 – 270 days Category 4 - Doubtful 15 91 – 120 days 91 – 180 days Category 3 – Sub-Standard 5 1 – 90 days 1 – 90 days Category 2 – Special Mention 1 Current Current Category 1 - Current Implemented in Q1 2005 Implemented in Q2 2005 72 Recognition of Interest Income Recognition of Interest Income Booking of Payments from Borrowers Booking of Payments from Borrowers Valuation of Collateral Provisioning Valuation of Collateral Provisioning Provisioning Provisioning IBRA Loans Restructured Loans Regular Loans Classification Cash Basis Cash Basis Cash Basis Cat. 5 - Loss Cash Basis Cash Basis Cash Basis Cat. 4 - Doubtful Cash Basis Cash Basis Cash Basis Cat. 3 – Sub-Standard Cash Basis Cash Basis Accrual Basis Cat. 2 – Special Mention Cash Basis Accrual Basis Accrual Basis Cat. 1 - Current IBRA Loans wo new agreement Restructured Loans Regular Loans Classification Principal Principal Principal Cat. 5 - Loss Principal Principal Principal Cat. 4 - Doubtful Principal Interest Interest Cat. 3 – Sub-Standard Principal Interest Interest Cat. 2 – Special Mention Principal Interest Interest Cat. 1 - Current IBRA Loans Restructured Loans Regular Loans Classification 100 Cat. 5 - Loss 50 Cat. 4 - Doubtful 15 Cat. 3 – Sub-Standard 5 Cat. 2 – Special Mention As per BI regulations, except: − Difference between principal and purchased value book as − Provisions, or − Deferred income if a new agreement has been made As per BI regulations, except: − Not reversed by upgrading − Reversed by principal repayment − Beginning provisions determined at 31 Dec. 2004 − Based on net book value after restructuring loss 1 Cat. 1 - Current All Loans Collateral Classification Cat. 5 - Loss Cat. 4 - Doubtful Cat. 3 – Sub-Standard −Can be credited against cash provisions for Cat. 2-5 Cat. 2 – Special Mention Collateral valuation for provisioning is determined by the aging of the most recent independent appraisal for assets over Rp 5bn: − 70 of appraised value within the initial 12 months − 50 of appraised value within 12 to 18 months − 30 of appraised value within 18 to 24 months − No value after 24 months from appraisal Not valued Cat. 1 - Current 73 • Equity Investment of Rp670.14 billion • Total Assets Rp2,991 billion, total liabilities Rp2.291 billion and Equity Rp700 billion • Operating Income amount to Rp123.32 billion, and PAT Rp45.97 billion • Bond underwriting amounting to Rp2.63 trillion. IPO underwriting amounting to Rp814 billion • Equity transactions in BEI of Rp37.11 trillion • Bond transactions SUN through BEI of Rp23.3 trillion rank1 • Total Asset Under Management amounting to Rp6.7 trillion as of August 2008 Bank Syariah Mandiri Mandiri Sekuritas AXA Mandiri • Equity Investment of Rp127.99 billion • Total Assets Rp4,025.67 billion, Annual First Year Premium AFYP of Rp475.23 billion and total profit Rp104.12 billion • Total Gross Written Premium GWP Rp1,636.31 billion, consists of unit-linked premium of Rp1,608.34 billion 98.29 and traditional product premium of Rp27.97 billion 1.71. Group business accounted for Rp27.23 billion 1.66 while Rp1,609.08 billion 98.34 came from individual premiums. • Embedded value of Rp847.28 billion before expense overrun and appraisal value of Rp3,860.89 billion • Operating since December 2003, had a presence in 983 Bank Mandiri branches with a team consisting of 1,100 Financial Advisors FAs • In Q2 2008, AXA Mandiri’s market share in acquiring new business out of all life insurance companies in Indonesia was 5.9 • Equity Investment of Rp1,061.38 billion • Total Assets of Rp16,539 billion, with total financing extended amount to Rp13,766 billion and total funds of Rp13,890 billion • Operating Income amounting to Rp1,245.2 billion and Profit After Tax of Rp147.4 billion • Market share against of Syariah Banking: 36.56 in assets, 36.89 in financing extended and 42.16 in deposits • CAR=11.54 • ROA=1.91 • ROE=22.18 • 294 outlets, consisting of 246 branches cash offices, 48 KLS, 117 cash outlets payment points; along with 84 branded ATMs 74 Branch Network Customer Growth 32 48 88 134 164 178 222 294 206 759 1,233 1,018 533 357 115 70 2001 2002 2003 2004 2005 2006 2007 Q3 08 Branches Customers 000s Summary Balance Sheet Rp Billions 810 5,388 3,860 1,858 11,106 9,974 331 10,305 778 299 1,583 12,888 2007 694 3,498 2,662 2,059 8,219 7,138 262 7,401 497 326 1,377 9,612 2006 549 3,334 1,567 981 5,882 5,181 86 5,267 427 235 796 6,870 2004 13,766 5,791 Total Financing 1,092 383 Securities - Net 414 168 Current Accounts Placements wOther Banks 1,340 1,689 Cash placement w BI 16,539 8,273 Total Assets Q3 ‘08 2005 Rp Bn 13,240 5,664 Total Financing - Net 13,890 7,037 Third Party Funds 1,932 1,261 Demand Deposits 4,860 1,958 Savings Deposits 7,098 3,818 Time Deposits 633 127 526 Allowances Shareholders Equity 1,019 75 Summary PL Rp billions 15.94 1.54 12.44 92.79 114.6 169.7 268.1 475.9 109.2 686.0 511.9 1,197.9 2007 10.23 1.10 12.56 90.21 62.6 95.5 102.1 383.0 142.4 479.7 455.5 935.2 2006 22.18 1.91 11.54 99.11 147.4 216.5 215.8 457.4 234.0 700.2 545.0 1,245.2 9-Mo. ’08 22.3 2.9 10.6 83.3 103.4 150.4 140.6 276.4 102.0 315.0 269.2 584.2 2004 11.9 20.9 CAR 75.6 66.1 LDR 83.8 15.8 Net Income after tax 136.7 24.5 Net Income before tax 137.2 23.0 Income from Operations 3.6 1.0 159.9 51.9 131.1 148.4 279.4 2003 479.1 Banks Share in Operating Income 386.4 3rd Party Share on Returns 865.5 Total Operating Income 2005 435.6 Operating Expenses 1.8 ROA 14.6 93.6 Other Operating income ROE Selected Financial Ratios 76 Summary PL 108.4 160.8 63.8 224.6 28.6 104.1 29.3 198.1 202.8 69.8 19.0 21.0 28.9 80.8 423.7 2007 42.6 69.8 29.4 99.2 15.8 62.2 18.3 122.4 124.2 51.8 5.8 3.4 16.0 20.2 221.6 2006 123.3 82.8 109.4 Profit from operations 56.5 21.2 36.2 Commissions 85.6 48.4 53.7 Salaries and allowances 63.0 101.3 8.1 23.4 134.6 82.7 61.9 20.6 10.4 53.0 15.6 244.0 2004 47.7 9.0 Underwriting Selling Fees 6.9 6.0 Advisory fees 51.5 42.6 Investment Mgmt Fees 57.4 20.9 Brokerage Commissions 321.8 197.3 Operating Revenue 9-Mo. ‘08 2005 Rp Bn 169.2 131.8 Interest Dividends 198.4 114.5 Operating Expenses 25.6 20.6 G A expenses 57.9 34.8 Other income charges - net 65.5 48.0 Income before tax 18.4 13.1 12.3 Gain on Trading of Marketable Securities Net Income after tax 46.0 820.8 620.0 407.5 557.8 240.6 1,936.3 12.9 1,036.0 396.9 - 57.4 2,757.2 2007 747.6 75.0 269.4 664.7 546.2 1,619.7 10.9 1,267.0 480.1 - 80.1 2,367.4 2006 736.4 190.0 2.0 420.3 39.1 699.3 11.8 478.6 538.8 50.0 117.4 1,435.7 2004 1,299.6 84.3 Receivables 617.4 746.5 Marketable Securities - - Time deposit 47.6 51.8 Cash Equivalent 2,991.3 1,258.7 Total Assets Q3 ‘08 2005 Rp Bn 2,290.9 565.9 Total Liabilities 107.7 30.1 Payable to Clearing Guarantee body 737.7 52.7 Payable to customers 272.3 137.1 Repo 1,010.0 305.0 Bank Loans 692.8 9.6 12.6 Property Equipment-net Shareholders Equity 700.3 Summary Balance Sheet 77 Implementing the vision of becoming dominant player in the micro segment Business Plan, 2008-2010 Total Lending Rp bn 250. 236. 176. 202. 107. 3 125. 9 133. 6 50 100 150 200 250 2004 2005 2006 2007 Q1 08 Q2 08 Q3 08 Total NPL 1. 86 0. 65 0. 63 0. 52 1. 25 0. 82 1. 25 0.0 0.5 1.0 1.5 2.0 2004 2005 2006 2007 Q1 08 Q2 08 Q3 08 Net Interest Margins 11.0 9. 7 13. 13. 2 16. 14. 1 13. 5 0.0 2.5 5.0 7.5 10.0 12.5 15.0 17.5 2004 2005 2006 2007 Q1 08 Q2 08 Q3 08 BSHB is an integral part of Bank Mandiri’s plan to develop the micro segment aggressively, which we intend to achieve through implementing three phases strategy: As of June’08 based on non-audited quarter financial report NIM as of June’08 12.72 exclude placement of Bank Mandiri, Rp 80 billion, for the month ended March 2008

1. Improving Efficiency and Operational Enhancement Phase

12-24 mths During this initial stage, we seek to improve BSHB’s IT, Risk Management, HR and Governance infrastructure, as well as developing new product and expanding its footprint across Bali

2. Dominating local market phase 24-48mths

The focus of this stage is to aggressively grow BSHB’s market share of micro segment in Bali, while preparing the launch pad for national expansion 3. Launching national expansion strategy phase 48+ mths Implementing nationwide footprint expansion BSHB has been showing positive momentum despite recent macroeconomic trends. By the end of Q2 2008, BSHB grew total loans to Rp236 bn, with plans to achieve Rp240 bn 36.4 increase year- on-year by the end of 2008. By 2010, BSHB is aiming to achieve total loans of Rp449 bn. From the risk perspective, BSHB has been able to preserve its low level of NPLs at 0.65 in Q2 2008. Going forward, BSHB is confident to be able to maintain gross NPLs below 1.5 through 2010. At the end of Q2 2008, BSHB profit before tax reached Rp2.2 bn. For the year 2008, BSHB is targeting Rp12,739 in profit before tax, in line with projected asset growth. As a result of these positive trends, by 2010, BSHB should achieve Rp38,376 mn in profit. Staffing and Distribution Network Growth 21,062 21,631 22,079 19,606 18,016 17,204 17,735 18,397 19,693 21,192 1999 2000 2001 2002 2003 2004 2005 2006 2007 Q3 08 956 658 635 730 909 546 687 789 924 978 1999 2000 2001 2002 2003 2004 2005 2006 2007 Q3 08 6,265 7,041 7,386 5,537 4,716 4,000 3,160 6,025 1999 2000 2001 2002 2003 2004 2005 2006 2007 Q3 08 2,800 3,346 3,186 513 533 1,184 2,022 2,470 2,560 1,559 1999 2000 2001 2002 2003 2004 2005 2006 2007 Q3 08 Empl oye e s Dome st ic Branch Network ATM Network ATM-Link Network 79 Loan growth, quality provisioning relative to peers Bank Only, As of June 2008 281 178 163 124 77 69 67 127 99 105 BCA BRI Lippo Mandiri Danamon Permata BNI BII Panin Niaga Ratio of P rovisions to N P L 135,955 134,501 99,090 95,632 59,606 46,475 34,349 31,216 23,960 32,255 BRI Mandiri BNI BCA Danamon Niaga Panin BII Permata Lippo Total Loans Rp bn

32.1 11.2