MARKETABLE SECURITIES continued Bank Mandiri Eng 31 Des 2016 Released Password Removed

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 86

7. MARKETABLE SECURITIES continued

e. Details of bonds by rating continued: Rating Fair valueAt costAmortised cost December 31, December 31, December 31, December 31, Rating Agencies 2016 2015 2016 2015 Rupiah continued Fair value through profit or loss continued Investments in unit-link PT Astra Sedaya Finance Pefindo idAAA - 1,969 - PT AKR Corporindo Tbk Pefindo - idAA- - 20,418 PT Adira Dinamika Multi Finance Tbk. Pefindo - idAAA - 2,001 PT Toyota Astra Financial Services Pefindo - idAA+ - 1,929 Others Various Various Various 11,722 12,166 13,691 36,514 1,905,974 1,755,680 Available for sale Marketable securities Bonds PT Indofood Sukses Makmur Tbk. Pefindo idAA+ idAA+ 360,905 349,725 PT Sarana Multigriya Finansial Persero Pefindo idAA+ idAA+ 295,093 292,627 PT Telekomunikasi Indonesia Tbk Pefindo idAAA idAAA 266,102 255,484 PT Astra Sedaya Finance Pefindo idAAA idAAA 229,000 251,930 PT Jasa Marga Persero Tbk. Pefindo idAA idAA 157,713 204,795 PT Bank OCBC NISPTbk. Pefindo idAAA idAAA 126,713 157,550 PT Medco Energi Internasional Tbk. Pefindo idA+ idA+ 70,000 68,075 PT Bank Maybank Indonesia Tbk. Pefindo idAAA idAAA 25,020 24,450 PT Panorama Sentrawisata Tbk. Pefindo - idA- - 49,546 PT Pembangunan Jaya Ancol Tbk. Pefindo - idAA- - 9,586 Others Various Various Various 1,909,564 1,397,287 3,440,110 3,061,055 Held to maturity Marketable securities Bonds PT Tunas Baru Lampung Tbk. Pefindo idA- idA 500,000 500,000 PT Surya Artha Nusantara Finance Pefindo idAA- idAA- 600,000 600,000 PT Medco Energi International Tbk. Pefindo idA+ idA+ 223,000 223,000 PT Mayora Indah Tbk Pefindo idAA- idAA- 74,000 74,000 PT Indosat Tbk Pefindo idAAA idAAA 36,000 36,000 Others Various Various Various 1,310,959 784,000 2,743,959 2,217,000 At cost Marketable securities Sharia Corporate Bonds PT Perusahaan Listrik NegaraPersero Pefindo idAAA idAAA 265,000 265,000 PT Berlian Laju Tanker Tbk. Pefindo idD idD 87,000 87,000 Others Various Various Various 192,000 163,006 544,000 515,006 Total 8,634,043 7,548,741 Information on rating of bonds were obtained from Bloomberg, which is based on ratings issued by the rating agencies, such as Pemeringkat Efek Indonesia Pefindo, Standard and Poor’s and Moody’s and Fitch Ratings. Marketable securities owned by Subsidiary. Investments in unit-link contracts are investmets own by policyholder of Subsidiariy’s unit link unit contracts which are presented at fair value. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 87

7. MARKETABLE SECURITIES continued