ACCRUED EXPENSES 2007 FS30Sep08EngFinal1

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 51

19. SHORT-TERM BANK LOANS continued

c. BNI On August 15, 2006, Telkomsel signed a Rp.300,000 million short-term facility agreement with BNI, payable in 3 equal quarterly installments commencing after 3 months from the end of the availability period. The loan bore a floating interest rate of three-month Certificate of Bank Indonesia “Sertifikat Bank Indonesia” or “SBI” plus 1.5 per annum 9.33 per annum as of June 30, 2007 which becomes due quarterly in arrears and was unsecured. On June 28, 2007 the loan was fully repaid. On June 15, 2007, Telkomsel signed a Rp.300,000 million short-term facility agreement with BNI, payable in 3 equal quarterly installments commencing after 3 months from the end of the availability period. The loan bore a floating interest rate of three-month Jakarta Interbank Offered Rate “JIBOR” plus 1.25 per annum which becomes due quarterly in arrears and was unsecured. On July 24, 2007, the loan agreement was amended for additional facilities of Rp.200,000 million. The principal outstanding as of September 30, 2007 amounted to Rp.500,000 million and on March 28, 2008, the loan was fully repaid. d. BCA On August 15, 2006, Telkomsel signed a Rp.350,000 million short-term facility agreement with BCA, payable in 3 equal quarterly installments commencing after 3 months from the end of the availability period. The loan bore a floating interest rate of three-month SBI plus 1.5 per annum 9.33 per annum as of June 30, 2007 which becomes due quarterly in arrears and was unsecured. On June 28, 2007, the loan was fully repaid. On June 15, 2007, Telkomsel signed a Rp.300,000 million short-term facility agreement with BCA, payable in 3 equal quarterly installments commencing after 3 months from the end of the availability period. The loan bore a floating interest rate of three-month JIBOR plus 1.25 per annum which becomes due quarterly in arrears and was unsecured. The principal outstanding as of September 30, 2007, amounted to Rp.200,000 million and on March 28, 2008, the loan was fully repaid. e. Bank Mandiri On August 15, 2006, Telkomsel signed a Rp.350,000 million short-term facility agreement with Bank Mandiri, payable in 3 equal quarterly installments commencing after 3 months from the end of the availability period. The loan bore a floating interest rate of three-month SBI plus 1.5 per annum 9.33 per annum as of June 30, 2007 which becomes due quarterly in arrears and was unsecured. On June 28, 2007, the loan was fully repaid. On June 15, 2007, Telkomsel signed a Rp.300,000 million short-term facility agreement with Bank Mandiri, payable in 3 equal quarterly installments commencing 3 months from the end of the availability period. The loan bore a floating interest rate of three-month JIBOR plus 1.25 per annum which becomes due quarterly in arrears and was unsecured. The principal outstanding as of September 30, 2007, amounted to Rp.200,000 million and on March 28, 2008, the loan was fully repaid. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 52

19. SHORT-TERM BANK LOANS continued