OTHER OPERATING EXPENSES - OTHERS - NET

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 5142 51. RELATED PARTY TRANSACTIONS In the normal course of business, Bank Mandiri entered into certain transaction with the following related parties:  Related party relationship as the controlling shareholder: The Government of the Republic of Indonesia  Related parties relationship by ownership andor management: Related Parties Nature of Relationship PT Kustodian Sentral Efek Indonesia Associate Company PT Sarana Bersama Pengembangan Indonesia Associate Company Dana Pensiun Bank Mandiri Bank Mandiri as a founder Dana Pensiun Bank Mandiri 1 Bank Mandiri as a founder Dana Pensiun Bank Mandiri 2 Bank Mandiri as a founder Dana Pensiun Bank Mandiri 3 Bank Mandiri as a founder Dana Pensiun Bank Mandiri 4 Bank Mandiri as a founder PT Estika Daya Mandiri Owned by Dana Pensiun Bank Mandiri 1 PT Asuransi Staco Mandiri formerly PT Asuransi Staco Jasapratama Owned by Dana Pensiun Bank Mandiri 2 PT Mulia Sasmita Bhakti Owned by Dana Pensiun Bank Mandiri 3 PT Krida Upaya Tunggal Owned by Dana Pensiun Bank Mandiri 4 PT Wahana Optima Permai Owned by Dana Pensiun Bank Mandiri 4 PT Mandiri Management Investasi Owned by the same ultimate shareholders PT Pengelola Investama Mandiri Owned by the same ultimate shareholders Koperasi Kesehatan Pegawai dan Pensiunan Bank Mandiri Mandiri Healthcare Employees and pensioners as member and key management relationship The nature of transactions with related parties includes among others, current accounts with other banks, investments in shares, securities, employee’s pension plan, loans, deposits from customers and bank guarantee.  Related parties relationship with government related entities Related Parties Nature of Relationship PT Asuransi Jiwa Inhealth Indonesia Subsidiary of State Owned Enterprise PT Bahana Artha Ventura Subsidiary of State Owned Enterprise PT Bank BRI Syariah Subsidiary of State Owned Enterprise PT Infomedia Nusantara Subsidiary of State Owned Enterprise PT Reasuransi Internasional Indonesia Subsidiary of State Owned Enterprise PT Telekomunikasi Indonesia International Subsidiary of State Owned Enterprise PT Telekomunikasi Selular Subsidiary of State Owned Enterprise PT Wijaya Karya Beton Subsidiary of State Owned Enterprise PT Wijaya Karya Realty Subsidiary of State Owned Enterprise PT Polytama Propindo Subsidiary of State Owned Enterprise PT PRIMKOKAS Subsidiary of State Owned Enterprise Universitas Airlangga State Owned Legal Entity PDAM Surya Sembada Kota Surabaya Regional Owned Enterprise