SECURITIES ISSUED continued Bank Mandiri Tbk (english)

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 81

25. FUND BORROWINGS continued

c Bank Indonesia continued 2008 2007 Rupiah: Small-Scale Working Capital Loans KKPA 135,971 285,484 Small-Scale Investment Loans KIK 52,889 74,132 Investment Loans KI 25,477 32,534 214,337 392,150 d Direct Off-shore Loans The details of direct off-shore loans are as follows: 2008 2007 Deutsche Bank International Asia Ltd, Singapore 3,270,000 - Syndication of Oversea - Chinese Banking Corporation, United Overseas Bank Limited, Intesa San Paolo S.P.A., DZ Bank AG Deutsche Zentral - Genossenschaftsbank, Bank Muscat S..A.O.G. 599,500 563,580 Sumitomo Mitsui Banking Corporation, Singapore 196,200 281,790 4,065,700 845,370 Borrowing from Deutsche Bank International Asia Ltd , Singapore bears interest rate at three- month LIBOR plus an applicable margin. Syndicated borrowing from Oversea - Chinese Banking Corporation, United Overseas Bank Limited, Intesa San Paolo S.P.A., DZ Banki AG Deutsche Zentral - Genossenschaftsbank, Bank Muscat S.A.O.G. bear interest at three-month SIBOR plus an applicable margin. Borrowing from Sumitomo Mitsui Banking Corporation, Singapore bear interest at three-month SIBOR plus an applicable margin. These borrowings will be fully paid on maturity date. e Trade Financing Facilities Trade financing facilities represent short-term borrowings with tenors between 180 to 365 days and bear interest at LIBOR or SIBOR plus an applicable margin. These borrowings are guaranteed by letters of credit issued by Bank Mandiri. The details of the borrowings are as follows: The details of trade financing facilities are as follows: 2008 2007 Wachovia Bank NA, United States of America 708,500 704,475 Bank of New York Mellon, Singapore before Bank of New York 654,000 751,440 ABN AMRO Bank NV, Singapore 574,997 610,545 JP Morgan Chase NA, Singapore 545,000 939,300 Bank of Nova Scotia, Hong Kong 490,500 - Dresdner Bank, AG, Frankfurt 272,500 140,895 Credit Suisse, Zurich 218,000 - Bank of Nova Scotia, Singapore 218,000 469,650 Oversea-Chinese Banking Corporation Limited, Singapore 218,000 234,825 ING Bank, Singapore - 563,580 Credit Suisse, Singapore - 469,650 Standard Chartered Bank, Singapore - 469,650 Commerzbank AG, Frankfurt - 375,720 DBS Bank, Ltd., Singapore - 281,790 American Express Bank, New York - 281,790 National Bank of Dubai - 234,825 Bank of America, San Francisco - 187,860 DZ Bank AG Deutsche Zentral - Genossenschaftsbank, Singapore - 159,681 3,899,497 6,875,676