LOANS Continued 2002 12 Full Audited Financial Statements w Notes

PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 49 -

12. LOANS Continued

B. Significant information related to loans: a. The Annual Average Interest Rates for the Year: 2002 2001 Rupiah 17.92 17.80 Foreign currency 9.87 9.10 b. Loan Collateral The loans are generally collateralized by registered mortgages, by powers of attorney to mortgage or sell pledged assets, time deposits or other guarantees acceptable to Bank Mandiri. c. Government Program Loans Government program loans consist of investment loans, permanent working capital loans and working capital loans which can be fully funded by the Government. d. Syndicated Loans The syndicated loans represent loans provided to customers under syndication agreements with other banks. Bank Mandiri’s share as lead manager in syndicated loans ranged from 41.28 to 75.79 and 41.00 to 78.00 of the total syndicated loans in December 31, 2002 and 2001, respectively. Bank Mandiri’s total participation in syndicated loans ranged from 0.41 to 75.79 and 0.43 to 78.00, of the total syndicated loans in December 31, 2002 and 2001, respectively. e. Restructured Loans Below is the type and amount of restructured loans as of December 31, 2002 and 2001: 2002 2001 Long-term loans with option to convert 2,431,942 865,464 debt to equity Additional loan facilities 557,500 535,224 Others 26,552,264 23,722,999 29,541,706 25,123,687 Others consist of other agreed restructuring schemes mostly comprised of reduction of interest rates, rescheduling of past due interest, extension of the maturity dates and extension of the periods of payment of past due interest. During 2002 and 2001, total loans restructuring through debt-to-equity swap participations amounted to RpNil and RpNil, respectively and through conversion of loans to Mandatory Convertible Bonds “MCBs” amounted to RpNil and Rp1,018,809, respectively. Total restructured loans under non-performing loans “NPL” category as of December 31, 2002 and 2001 amounted to Rp3,330,121 and Rp3,622,607, respectively. PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 50 -

12. LOANS Continued