COMMITMENTS AND CONTINGENCIES Difference in Transactions of Equity Changes in Subsidiaries

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5119 48. RELATED PARTY TRANSACTIONS continued

a. Normal Banking Activities continued

 Related by ownership andor management continued: Related Party Nature of Relationship Nature of Transaction PT Tunas Mobilindo Parama Owned by subsidiaries’ minority shareholders Deposit from customers PT Astra Graphia Tbk Owned by subsidiaries’ minority shareholders Deposit from customers, Bank Guarantee PT Astra International Tbk Owned by subsidiaries’ minority shareholders Deposit from customers, Bank Guarantee, Loans PT Astra Sedaya Finance Owned by subsidiaries’ minority shareholders Deposit from customers, Marketable Securities PT Asuransi Permata Nipponkoa Owned by subsidiaries’ minority shareholders Deposit from customers PT Bali Securities Owned by subsidiaries’ minority shareholders Deposit from customers PT Bina Pertiwi Owned by subsidiaries’ minority shareholders Deposit from customers, Loans PT Federal International Finance Owned by subsidiaries’ minority shareholders Deposit from customers, Marketable Securities PT Komatsu Remanufacturing Asia Owned by subsidiaries’ minority shareholders Deposit from customers PT Pamapersada Nusantara Owned by subsidiaries’ minority shareholders Deposit from customers PT Jardine Tangguh Transport Owned by subsidiaries’ minority shareholders Deposit from customers PT Sasana Artha Finance Owned by subsidiaries’ minority shareholders Deposit from customers, Loans PT Surya Artha Nusantara SAN Finance Owned by subsidiaries’ minority shareholders Deposit from customers PT Tunas Andalan Pratama Owned by subsidiaries’ minority shareholders Deposit from customers PT Tunas Dwipa Matra Owned by subsidiaries’ minority shareholders Deposit from customers, Bank Guarantee PT Tunas Ridean Tbk Owned by subsidiaries’ minority shareholders Deposit from customers PT United Tractors Tbk Owned by subsidiaries’ minority shareholders Deposit from customers, Bank Guarantee PT Telekomunikasi Indonesia Persero Tbk. Related by management personnel Deposit from customers, Bank Guarantee PT Sarana Bersama Pembiayaan Indonesia Associate Company Investment in shares, Deposit from customers PT Astratel Nusantara Owned by subsidiaries’ minority shareholders Deposit from customers PT Marga Trans Nusantara Owned by subsidiaries’ minority shareholders Deposit from customers, Bank Guarantee PT United Tractors Pandu Engineering Owned by subsidiaries’ minority shareholders Deposit from customers PT United Tractors Semen Gresik Owned by subsidiaries’ minority shareholders Deposit from customers PT Bank Permata Tbk Owned by subsidiaries’ minority shareholders Deposit from other banks PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5120 48. RELATED PARTY TRANSACTIONS continued

a. Normal Banking Activities continued

 Related by management or key personnel of Bank Mandiri Salary, allowances and bonuses of the Boards of Commissioners, Directors, Audit Committee, Risk Monitoring Committee and Executive Vice President and Senior Vice President Note 41 for the years ended 31 December 2009, 2008 and 2007 amounted to Rp188,993, Rp148,875 and Rp84,976 or 0.68, 0.61 and 0.39 from consolidated operating expenses, respectively. Shares owned by the Board of Directors from MSOP program for the years ended 31 December 2009, 2008 and 2007 amounted to 54,913,985 shares, 46,129,749 shares and 20,500,281 shares or 0.17, 0.14 and 0.06 from number of shares of authorised capital, respectively. Details of significant transactions with related parties as at 31 December 2009, 2008 and 2007 were as follows: 2009 2008 2007 Assets Marketable securities Note 6a 25,000 - 28,241 Loans Notes 11A.a and 11B.g 638,057 641,263 783,078 Total assets with related parties 663,057 641,263 811,319 Total consolidated assets 394,616,604 358,438,678 319,085,590 Percentage of assets involving related parties to total consolidated assets

0.17 0.18

0.2 5

The percentages of marketable securities and loans compared to the total consolidated assets are as follows: 2009 2008 2007 Assets Marketable securities 0.01 - 0.01 Loans 0.16 0.18 0.24 Total 0.17

0.18 0.25

Liabilities Demand deposits Note 17a 254,439 115,857 130,522 Savings deposits Note 18b 96,573 43,339 42,844 Time deposits Note 19f 470,237 313,909 181,309 Deposit from other banks - Demand and saving deposits Note 20c - 1,075 - Marketable securities issued Note 25 - - 30,000 Fund Borrowings Note 26 200,000 240,000 280,000 Total liabilities with related parties 1,021,249 714,180 664,675 Total consolidated liabilities 359,318,341 327,896,740 289,835,512 Percentage of liabilities involving related parties to total consolidated liabilities

0.28 0.22

0.2 3

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5121 48. RELATED PARTY TRANSACTIONS continued

a. Normal Banking Activities continued