Normal Banking Activities Mandiri - Investor Relations - Audited Financials 2009 12English

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 5121 48. RELATED PARTY TRANSACTIONS continued

a. Normal Banking Activities continued

 Related by management or key personnel of Bank Mandiri continued Percentages of demand deposits, saving deposits, time deposits, deposits from other banks - demand and saving deposits and fund borrowings with related parties compared to the total consolidated liabilities are as follows: 2009 2008 2007 Liabilities Demand Deposit 0.07 0.04 0.05 Savings Deposits 0.03 0.01 0.01 Time Deposits 0.13 0.10 0.06 Deposit form other banks - Demand and saving deposits - 0.00 - Marketable securities issued - - 0.01 Fund Borrowings 0.05 0.07 0.10 Total 0.28

0.22 0.2 3

Transactions with related parties are conducted with normal pricing policy and conditions as similar with third parties, except for loans to the Bank’s employees Note 11B.g.

b. Other Significant Transactions

In 2000, the debt of PT Garuda Indonesia Persero Garuda at Bank Mandiri was restructured bilaterally, through of conversion the Garuda’s borrowing to Bank Mandiri amounting to USD103,000,000 full amount, which consist of loans of USD80,000,000 full amount and Rp168,409, into Mandatory Convertible Bond MCB denominated in Rupiah with 4.00 coupon rate per annum, 5 years tenor and expected IRR of 18.00 per annum. This MCB facility matured on 2 November 2006. On 10 November 2009, Bank Mandiri received a letter from Bank Indonesia which stated that Bank Indonesia has no objection on the proposed settlement plan of Garuda’s MCB by converting the MCB into Bank Mandiri’s temporary investment in Garuda. On 30 December 2009, Bank Mandiri and Garuda signed the MCB Settlement Agreement based on Notarial Deed No. 272 dated 30 December 2009 of Aulia Taufani SH, as the substitute Notary of Sutjipto SH. On the signing date, Garuda made cash payments of 5.00 of MCB principal, amounting to Rp50,840 and converted the remaining balance of the MCB approximately 95.00 of MCB principal into Bank Mandiri’s investment in Garuda’s share, amounting to Rp967,869 or equivalent to 967,869 shares equivalent to 10.60 ownership. The investment in Garuda’s shares will be divested in conjunction with Garuda’s planned initial Public Offering which is expected to be done in 2010. Based on regulation of Capital Market Supervisory Board and Financial Institution No. IX.A.6, Appendix of the Decree of the Chairman of Capital Market Supervisory Board and Financial Institution No. 06PM2001 regarding Restriction on Shares Issued Prior to Public Offering, the divestment of Garuda’s shares by Bank Mandiri can only be done if the Registration Statament of the Initial Public Offering of Garuda is submitted more than 6 six months after the date of conversion of MCB into temporary investment. As at 31 December 2009, this temporary investment in Garuda’s shares is not recorded in the Bank’s consolidated balance sheet but as extra-comtable account. 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 5122 49. MATURITY PROFILE This maturity profile as at 31 December 2009, 2008 and 2007 is based on the remaining period to the contractual maturity date. Historically, a significant portion of deposits are rolled-over on the maturity date. In addition, if the Bank encounters liquidity needs, Government Bonds trading and available for sale could be liquidated through sale or used as collateral in the inter-bank market. The Bank’s policy with regards to the maturity gap between the monetary assets and liabilities is to determine a gap limit which is adjusted to the Bank’s and Subsidiaries ability to obtain immediate liquidity. The maturity profile of the Bank’s assets and liabilities is as follows: 2009 No maturity Less than More than Description Total Contract 1 month 1 – 3 months 3 – 6 months 6 – 12 months 12 months Assets Cash 8,867,881 - 8,867,881 - - - - Current accounts with Bank Indonesia 16,055,871 - 16,055,871 - - - - Current accounts with other banks - net 7,402,647 - 7,402,647 - - - - Placements with Bank Indonesia and other banks - net 41,402,410 981 38,531,010 2,862,004 - 8,415 - Marketable securities - net 18,153,392 187,462 2,487,330 11,890,854 934,787 950,405 1,702,554 Government Bonds 89,132,940 - - 1,733,994 - 3,409 87,395,537 Other receivables-trade transactions – net 3,146,143 - 759,913 1,445,943 754,266 186,021 - Securities purchased under resale agreements - net 4,905,541 - 3,417,151 1,488,390 - - - Derivative receivables - net 174,526 - 38,032 38,313 89,452 8,729 - Loans - net 184,690,704 - 9,069,879 16,464,843 16,982,284 32,164,344 110,009,354 Consumer financing receivables 1,404,045 - 64,078 125,775 180,392 321,016 712,784 Acceptance receivables - net 4,304,000 - 1,243,073 1,807,282 1,242,307 11,338 - Investments in shares - net 186,848 186,848 - - - - - Fixed assets - net 4,963,306 4,963,306 - - - - - Deferred tax assets - net 6,014,085 6,014,085 - - - - - Other assets - net 3,812,265 8,253 1,454,536 1,843,159 - 506,317 - Total Assets 394, 616,604 11,360,935 89,391,401 39,700,557 20,183,488 34,159,994 199,820,229 Liabilities Obligation due immediately 573,557 - 573,557 - - - - Demand deposits 72,696,847 - 72,696,847 - - - - Savings deposits 113,795,011 - 113,795,011 - - - - Time deposits 133, 058,523 - 100,339,915 22,474,376 6,300,922 3,681,281 262,029 Deposits from other banks - Demand and saving deposits 5,842,569 - 5,842,569 - - - - - Time deposits 4,943,958 - 4,762,785 142,650 30,424 8,099 - Securities sold under repurchase agreements 316,356 - - - 316,356 - - Derivative payables 41,611 - 17,126 8,648 3,089 6,161 6,587 Acceptance payables 4,356,773 - 1,256,747 1,830,109 1,258,464 11,453 - Marketable securities issued 1,671,014 - 622,055 374,860 - - 674,099 Fund borrowings 3,944,356 - 88,512 50,314 61,156 70,774 3,673,600 Estimated losses on commitments and contingencies 329,362 329,362 - - - - - Accrued expenses 542,921 - 542,921 - - - - Taxes payable 1,855,829 - 235,781 - 1,608,429 11,619 - Other liabilities 9,132,586 514,365 3,975,206 1,031,019 526,298 1,066,838 2,018,860 Subordinated loans 6,217,068 - 2,882 17,153 - 67,336 6,129,697 Total liabilities 359, 318,341 843,727 304, 751,914 25,929,129 10,105,138 4,923,561 12,764,872 Net AssetsLiabilities 35,298,263 10,517,208 215,360,513 13,771,428 10,078,350 29,236,433 187,055,357