Public offering of securities of the Company

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 11

1. GENERAL continued

d. Subsidiaries As of September 30, 2016 and December 31, 2015, the Company has consolidated the following directly or indirectly owned subsidiaries Notes 2b and 2d: i Direct subsidiaries : Percentage of ownership interest Total assets before elimination Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Year of start of commercial operations September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 PT Telekomunikasi Selular “Telkomsel”, Jakarta, Indonesia Telecommunication - provides telecommunication facilities and mobile cellular services using Global Systems for Mobile Communication “GSM” technologyMay 26, 1995 1995 65 65 86,141 84,086 PT Multimedia Nusantara “Metra”, Jakarta, Indonesia Network telecommunication services and multimedia May 9, 2003 1998 100 100 10,907 8,563 PT Dayamitra Telekomunikasi “Dayamitra”, Jakarta, Indonesia Telecommunication May 17, 2001 1995 100 100 9,927 9,341 PT Telekomunikasi Indonesia International “TII”, Jakarta, Indonesia Telecommunication July 31, 2003 1995 100 100 6,836 5,604 PT Telkom Akses “Telkom Akses”, Jakarta, Indonesia Construction, service and trade in the field of telecommunication November 26, 2012 2013 100 100 4,995 3,696 PT Graha Sarana Duta “GSD”, Jakarta, Indonesia Leasing of offices and providing building management and maintenance services, civil consultant and developer April 25, 2001 1982 99,99 99,99 4,297 3,581 PT PINS Indonesia “PINS”, Jakarta, Indonesia Telecommunication construction and services August 15, 2002 1995 100 100 3,383 2,960 PT Infrastruktur Telekomunikasi Indonesia “Telkom Infratel”, Jakarta, Indonesia Construction, service and trade in the field of telecommunication January 16, 2014 2014 100 100 937 647 PT Patra Telekomunikasi Indonesia “Patrakom”, Jakarta, Indonesia Telecomunication- provides satellite communication system, services and facilities September 28, 1995 1996 100 100 453 472 PT Napsindo Primatel Internasional “Napsindo”, Jakarta, Indonesia Telecommunication - provides Network Access Point NAP, Voice Over Data VOD and other related servicesDecember 29, 1998 1999; ceased operations on January 13, 2006 60 60 5 5 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 12

1. GENERAL continued d. Subsidiaries continued

i Indirect subsidiaries: Percentage of ownership interest Total assets before elimination Subsidiaryplace of incorporation Nature of businessdate of incorporation or acquisition by the Company Year of start of commercial operations September 30, 2016 December 31, 2015 September 30, 2016 December 31, 2015 PT Sigma Cipta Caraka “Sigma”, Tangerang, Indonesia Information technology service – system implementation and integration service, outsourcing and software license maintenance May 1,1987 1988 100 100 4,992 3,587 Telekomunikasi Indonesia International Pte. Ltd., Singapore Telecommunication December 6, 2007 2008 100 100 2,653 1,618 PT Infomedia Nusantara“Infomedia”, Jakarta, Indonesia Data and information service – provides telecommunication information services and other information services in the form of print and electronic media and call center services September 22,1999 1984 100 100 2,100 1,622 PT Telkom Landmark Tower “TLT”, Jakarta, Indonesia Service for property development and management February 1, 2012 2012 55 55 1,635 1,245 Telekomunikasi Indonesia International “TL” S.A., Timor Leste Telecommunication September 11, 2012 2012 100 100 758 854 PT Finnet Indonesia “Finnet”, Jakarta, Indonesia Information technology servicesOctober 31, 2005 2006 60 60 670 513 PT Metra Digital Media “MD Media”, Jakarta, Indonesia Directory information servicesJanuary 22, 2013 2013 99,99 99,99 618 618 Telekomunikasi Indonesia International Ltd., Hong Kong Telecommunication December 8, 2010 2010 100 100 393 326 PT Metra Digital Investama “MDI” previously PT Metra Media, Jakarta, Indonesia Trading andor providing service related to information and tehnology multimedia, entertainment and investment January 8, 2013 2013 99,99 99,99 326 4 PT Nusantara Sukses Investasi ”NSI”, Jakarta, Indonesia Service and trading September 1, 2014 2014 99,99 99,99 250 165 PT Administrasi Medika “Ad Medika”, Jakarta, Indonesia Health insurance administration servicesFebruary 25, 2010 2002 99,99 75 189 160 PT Graha Yasa Selaras “GYS”, Jakarta, Indonesia Tourism serviceApril 27, 2012 2012 51 51 177 160 Telekomunikasi Indonesia Internasional Pty Ltd. “Telkom Australia”, Australia Telecommunication January 9, 2013 2013 100 100 175 171 PT MetraNet “Metranet”, Jakarta, Indonesia Multimedia portal service April 17, 2009 2009 99,99 99,99 87 66 PT Metra Plasa “Metra Plasa”, Jakarta, Indonesia Network e-commerce servicesApril 9, 2012 2012 60 60 84 85 PT Sarana Usaha Sejahtera Insanpalapa ”TelkoMedika”, Jakarta, Indonesia Health services, medicine services including pharmacies, laboratories and other health care support November 30, 2015 2008 75 75 65 49