Tax expense - Current year continued

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 592 30. SUBORDINATED LOANS continued Two-Step Loans TSL a Nordic Investment Bank NIB This account represents a credit facility obtained from NIB to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows: Credit Facility Purpose Repayment Period Nordic Investment Bank IV Nordic Investment Bank III To promote and finance high priority investments in Indonesia, primarily in the private sector, or joint Indonesian and Nordic interests. To promote and finance high priority investments in Indonesia, primarily in the private sector, or joint Indonesian and Nordic interests. 15 April 1997 – 28 February 2017 with the 1 st installment on 31 August 2002. 4 August 1993 – 15 August 2008 with the 1 st installment on 15 February 1999. The details of credit facilities from Nordic Investment Bank are as follows: 2009 2008 2007 a Nordic Investment Bank IV NIB IV 159,784 181,089 202,394 b Nordic Investment Bank III NIB III - - 11,330 159,784 181,089 213,724 The interest rates on the NIB III and IV facility are based on a variable interest rate as determined by Bank Indonesia based on the prevailing average interest rates of three months Certificate of Bank Indonesia for the past six months. The Bank has settled NIB III loan facility on 15 August 2008. b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF-OECF This account represents a credit facility obtained from AJDF-OECF to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance several projects in Indonesia. The details of these facilities are as follows: Credit Facility Purpose Repayment Period Pollution Abatement Equipment Program PAE Small Scale Industry SSI To purchase equipment to prevent pollution. To finance small-scale industry. 19 August 1993 – 19 August 2013, with 1 st installment on 15 August 1998. 19 August 1993 – 19 August 2013, with 1 st installment on 15 August 1998.