SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued CURRENT ACCOUNTS WITH BANK INDONESIA

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 36

4. CURRENT ACCOUNTS WITH OTHER BANKS continued

e. Movements of allowance for possible losses on current accounts with other banks: 2008 2007 Balance at beginning of year 14,387 11,149 Provision during the year Note 36 71,072 2,731 Others 2,230 507 Balance at end of year 87,689 14,387 Includes effect of foreign currency translation. Management believes that the allowance for possible losses on current accounts with other banks is adequate. 5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS a. By Type, Currency, Maturity and Collectibility: 2008 Maturity Current Loss Total Rupiah: Bank Indonesia 1 month 13,650,642 - 13,650,642 Call Money 1 month 69,036 - 69,036 1 month 3 months 44,063 - 44,063 Time Deposit 1 month 256,050 - 256,050 1 month 3 months 36,300 - 36,300 Saving No maturity 1,107 - 1,107 Total Rupiah 14,057,198 - 14,057,198 Foreign Currency: Call Money 1 month 13,261,660 - 13,261,660 12 months - 217,786 217,786 “Fixed-Term” Placement 1 month 2,196,350 - 2,196,350 1 month 3 months 548 - 548 6 months 12 months 49,493 - 49,493 12 months - 8,491 8,491 Total Foreign Currency 15,508,051 226,277 15,734,328 Total 29,791,526 Less: Allowance for Possible Losses 386,708 29,404,818 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 37

5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued

a. By Type, Currency, Maturity and Collectibility continued: 2007 Maturity Current Loss Total Rupiah: Bank Indonesia 1 month 11,199,067 - 11,199,067 Call Money 1 month 20,000 - 20,000 Time Deposit 1 month 175,100 - 175,100 Total Rupiah 11,394,167 - 11,394,167 Foreign Currency: Call Money 1 month 3,410,630 - 3,410,630 “Fixed-Term” Placement 1 month 2,017,616 - 2,017,616 1 month 3 months 453 - 453 6 months 12 months 41,479 - 41,479 Time Deposit 1 month 28,179 - 28,179 Total Foreign Currency 5,498,357 - 5,498,357 Total 16,892,524 Less: Allowance for Possible Losses 59,200 16,833,324 b. As of December 31, 2008 and 2007, there were no placements to other banks with related party banks. However, as of December 31, 2007, placement on Rupiah time deposits amounting to Rp175,100 included placement in Bank Sinar Harapan Bali BSHB amounting to Rp80,000, whereby at that time BSHB has not yet become a subsidiary of Bank Mandiri Note 2b. c. Average Interest Rate yield per Annum: 2008 2007 Rupiah 6.55 14.45 Foreign Currency 1.91 4.37 d. As of December 31, 2008 and 2007, there was no placement pledged as cash collateral. e. Movements of allowance for possible losses on placements with other banks: 2008 2007 Balance at beginning of year 59,200 97,981 Provisionreversal during the year Note 36 323,475 36,337 Others 4,033 2,444 Balance at end of year 386,708 59,200 Includes effect of foreign currency translation.