Equity Participation Claim on Others in Foreign Currency

BANK INDONESIA Notes to Financial Statements As at December 31, 2008 30 b. In order to comply with Act of the Republic of Indonesia Number 23 of 1999 concerning Bank Indonesia as amended by Act of the Republic of Indonesia Number 3 of 2004, Bank Indonesia has performed several efforts to divest all equity participation in banks and financial institutions that had been acquired before the enactment of the regulation. The progress of the divestment up to December 31, 2008 is as follows: 1 N.V. De Indonesische Overzeese Bank Indover Bank The divestment process of Indover Bank to one of Indonesia’s State-Owned Banks could not be continued because the bank resigned as preferred bidder of Indover Bank in September 2008. This resignation was caused by the global financial market turbulence. On the other hand, the financial market turbulence has also caused the freezing of Indover Bank’s operational activities by the Netherland courts on October 6, 2008, which led to Indover Bank being declared bankrupt by the Netherland courts on December 1, 2008. The settlement of Indover Bank will be done by a trustee appointed by the Amsterdam courts press release Stibbe dated December 1, 2008. The equity participation in Indover bank as at December 31, 2008 was zero, because Indover Bank’s equity had a negative balance. For the explanation of Bank Indonesia’s placement of funds in Indover Bank and the liquidation process of Indover Bank please see Note C.13 – Other Assets and Note D.3 – Commitments and Contingencies. 2 PT Asuransi Kredit Indonesia Askrindo Bank Indonesia’s equity participation in Askrindo has decreased from 55.00 in 2007 to 17.60 in 2008, due to the addition of the Government’s equity participation Penyertaan Modal Negara – PMN in Askrindo amounted to IDR850,000 million. With this PMN, the paid-in capital has increased to IDR1,250,000 million, with the composition as follows: - Government c.q. Ministry of Finance IDR1,030,000 million 82.40 - Bank Indonesia IDR220,000 million 17.60 3 PT. Bahana Pembinaan Usaha Indonesia BPUI The beginning balance of Bank Indonesia’s equity participation in BPUI amounted to IDR18,500 million with total ownership of 82.22. The value of Bank Indonesia’s equity participation as at December 31, 2008 was zero because BPUI has negative equity value. Concerning AIA’s option towards 40 ownership of BPUI, Bank Indonesia has negotiated with PT. AIA to return the funds to PT. AIA by requesting a meeting with PT AIA through the mass media 3 times with no response. Bank Indonesia has taken legal action by filing a lawsuit against AIA and is now in court. In performing the divestment of Indover Bank, PT. Askrindo and BPUI, Bank Indonesia remains in line with Act of the Republic of Indonesia Number 23 of 1999 concerning Bank Indonesia as amended by Act of the Republic of Indonesia Number 3 of 2004, which stipulates that the divestment must be accomplished at the latest by early 2009. BANK INDONESIA Notes to Financial Statements As at December 31, 2008 31 The divestment of Bank Indonesia’s equity participation in PT Askrindo and BPUI will be performed in accordance with the Agreement between Bank Indonesia, the Ministry of Finance, and the Ministry of State-Owned Enterprises dated September 24, 2008.

13. Other Assets

Other Assets consists of Fixed Assets, Financial-Leased Assets, Intangible Assets, Other Assets in IPBV, Currency Inventory and Currency Procurement Advances, and Other Assets. The balances of Other Assets as at December 31, 2008 and December 31, 2007 were IDR9,194,090 million and IDR7,690,761 million respectively with details as follows: December 31, 2008 December 31, 2007 IDR million IDR million - Fixed Assets, Financial-Leased Assets, and Intangible Assets Book value 6,589,294 6,566,744 - Other Assets in IPBV 438,031 493,996 - Currency Inventory and Currency Procurement Advances 415,999 440,802 - Other assets 1,750,766 189,219 9,194,090 7,690,761

a. Fixed assets, Financial-Leased Assets and Intangible Assets

The book value of fixed assets, financial-leased assets and intangible assets as at December 31, 2008 and December 31, 2007 were IDR6,589,294 million and IDR6,566,744 million respectively with details as follows: December 31, 2008 December 31, 2007 IDR million IDR million Cost of Fixed Assets - Land and Building - Non Land and Building Intangible Assets Financial-Leased Assets Self-constructed assets 6,112,234 1,210,873 56,740 83,209 364,573 6,086,410 1,126,410 58,306 83,209 261,221 7,827,629 7,615,556 Accumulated DepreciationAmortization - Building 477,899 403,834 - Non Building Financial-Leased Assets 668,946 83,209 545,286 74,892 Intangible Assets 8,281 24,800 1,238,335 1,048,812 Book Value 6,589,294 6,566,744 BANK INDONESIA Notes to Financial Statements As at December 31, 2008 32

b. Other Assets in Indo Plus BV IPBV