GENERAL continued b. Public offering of shares of the Company

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated - 14

1. GENERAL continued

c. Subsidiaries The Company consolidates the following subsidiaries as a result of majority ownership or its right to control operations. Start of Commercial Subsidiaries Domicile Nature of Business 2004 2005 Operations 2004 2005 PT Pramindo Ikat Telecommunications Nusantara Medan construction services 100 100 1995 1,604,405 1,356,634 PT AriaWest International Bandung Telecommunications 100 100 1995 1,416,225 1,127,772 PT Multimedia Nusantara Jakarta Pay TV 100 100 1998 22,116 53,738 Real estate, construction PT Graha Sarana Duta Jakarta and services 100 100 1982 69,227 101,910 PT Dayamitra Telekomunikasi Balikpapan Telecommunications 100 100 1995 641,249 622,662 PT Indonusa Telemedia Jakarta Multimedia 90 96 1997 72,080 66,445 PT Telekomunikasi Selular Jakarta Telecommunications 65 65 1995 19,557,557 25,754,321 PT Napsindo Primatel Internasional Jakarta Telecommunications 60 60 1999 28,974 7,884 Data and information PT Infomedia Nusantara Jakarta service 51 51 1984 333,738 376,160 System information PT Pro Infokom Indonesia Jakarta network 51 - 2003 1,261 - Ownership Before Eliminations Total Assets Percentage of The Company has indirect investments through its subsidiaries in the following companies: Start of Nature of Commercial Indirect Subsidiaries Domicile Business 2004 2005 Operations Telekomunikasi Selular PT Telekomunikasi Finance Limited Selular Mauritius Fund raising 100 100 2002 PT Telekomunikasi Telkomsel Finance B.V. Selular Netherlands Finance - 100 2005 Aria West International PT AriaWest Finance B.V. International Netherlands Finance 100 100 1996 PT Balebat Dedikasi PT Infomedia Prima Nusantara Bogor Printing 51 51 2000 Percentage Stockholders Ownership PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated - 15

1. GENERAL continued