DEPOSITS FROM OTHER BANKS - DEMAND DEPOSITS DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 83

21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued

b. By Period: December 31, December 31, April 30, 2004 2003 2003 Foreign Currency: Less than 1 month 623,183 179,757 53,345 3 months 112,913 27,695 17,351 6 months 108,131 144,589 32,044 12 months 17,093 57,290 - More than 12 months 24,037 - - 885,357 409,331 102,740 9,104,019 10,042,215 11,930,461 Included in time deposits from other bank are unrestricted investments - mudharabah time deposits amounting to Rp175,800, Rp38,223 and Rp9,670 as of December 31, 2004 and 2003, and April 30, 2003, respectively. c. Average Interest Rates and Range of Profit Sharing Per Annum: Average interest rates per annum : December 31, December 31, April 30, 2004 2003 2003 Rupiah 6.50 8.57 11.68 Foreign Currency 0.93 1.63 2.41 Range of profit sharing per annum on mudharabah time deposits: December 31, December 31, April 30, 2004 2003 2003 Rupiah 6.61 - 9.01 6.67 - 13.12 10.18 - 13.12 Foreign Currency 1.81 - 1.91 1.70 - 3.21 2.80 - 4.01 d. As of December 31, 2004 and 2003, and April 30, 2003, the Bank has no time deposits from related party banks. e. As of December 31, 2004 and 2003, and April 30, 2003, time deposits from other banks which are frozen and blocked as loans collateral amounted to Rp17,676, Rp33,591 and Rp36,446, respectively. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 84

22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE

December 31, 2004 Counter-party Commencement Date Maturity Date Repurchase Amount Serial Number Deutsche Bank 05092003 10252006 1,305,000 GRB VR0010 Standard Chartered Bank 06042003 06062005 1,037,500 GRB VR0013 HSBC Bank 11032004 11032009 285,060 GRB FR0019 Standard Chartered Bank 11042004 11042009 284,062 GRB VR0017 PT Mega Finadana 12222004 01052005 1,003 Bonds PT Mega Finadana 12102004 01102005 1,007 Bonds 2,913,632 The agreements to repurchase Government Recapitalization Bonds with Standard Chartered Bank serial numbers VR0013 and VR0017 and HSBC Bank serial number FR00019 are associated with cross currency swap transactions with the respective counterparties. There is no premium or discount on these contracts. On January 28, 2004, Bank Mandiri made an early termination of its securities sold with agreements to repurchase which were due to mature on September 11, 2005 and September 25, 2005 amounting to Rp2,000,000 with Bank Mega. December 31, 2003 As of December 31, 2003, securities sold with agreements to repurchase were as follows: Counter-party Commencement Date Maturity Date Repurchase Amount Serial Number Deutsche Bank 05092003 10252006 1,305,000 GRB VR0010 Standard Chartered 06042003 06062005 1,037,500 GRB VR0013 Standard Chartered 11172003 01122004 32,603 GRB FR0002 Standard Chartered 11172003 01122004 9,000 GRB FR0005 Standard Chartered 11172003 01122004 4,500 GRB FR0004 Bank Mega 09112003 09112005 266,667 GRB VR0014 Bank Mega 09112003 09112005 266,667 GRB VR0015 Bank Mega 09112003 09112005 266,666 GRB VR0017 Bank Mega 09252003 09252005 400,000 GRB VR0014 Bank Mega 09252003 09252005 400,000 GRB VR0015 Bank Mega 09252003 09252005 400,000 GRB VR0017 Bank Bumiputera 12232003 01292004 17,074 FRN 4,405,677