TRADE AND OTHER PAYABLES

PT XL AXIATA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Page 33

13. LONG-TERM LOANS continued

Interest Total Payment payment Interest facility schedule period rate Security - Facility 2A dated 23 March 2009 USD 123,579,208 Installment every semiannually 6 months’ LIBOR None 6 months + 0.35 margin 1 April 2009 - + SEK funding cost 1 October 2015 - Facility 2B dated 23 March 2009 a USD 90,773,174 Installment every semiannually Commercial Interest None 6 months Reference Rate 15 January 2010 - CIRR 15 July 2016 + 0.30 margin PT Bank Sumitomo Mitsui Rp 800,000 December 2011 monthly SBI + 1.50-2,00 None Indonesia and January 2013 margin PT Bank DBS Indonesia b Rp 700,000 January 2011 monthly SBI + 1.10 margin None USD 50,000,000 April 2010 monthly 1 month’s LIBOR None + 1,00 margin The Bank of Tokyo - Mitsubishi UFJ, LTD Rp 500,000 September 2012 monthly and SBI + certain None two monthly margin PT ANZ Panin Bank Rp 250,000 September 2010 monthly Cost of Fund None + 2.15 margin Standard Chartered Bank USD 150,000,000 April - December monthly Cost of Fund or None 2010 1 month’s SIBOR + 1.05 - 2.00 margin Syndicated loan facilities I c USD 140,000,000 November 2011 monthly 1 month’s SIBOR None + certain margin PT Bank Mizuho Indonesia USD 50,000,000 January 2010 monthly 1 month’s LIBOR None + 0.95 margin DBS Bank Ltd. USD 50,000,000 April 2010 monthly 1 month’s LIBOR None + 1 margin HSBC USD 50,000,000 January 2011 monthly 1 month’s SIBOR None + 2.25 margin J.P.Morgan Chase Bank, N.A. USD 30,000,000 August and monthly 1 month’s LIBOR None September 2010 + 1.00 margin Syndicated loan facilities II d Rp 1,600,000 October 2014 quarterly 3 months’ JIBOR None + 3.75 margin a The amount of USD 35,718,521 from Facilty 2B has been cancelled on 9 April 2010 refer to Note 35c. b In September and October 2008, the Company signed notices of assignment with PT Bank DBS Indonesia to assign and transfer the loan totalling USD 50,000,000 to DBS Bank Ltd., Singapore. c Syndicated loan consist of DBS Bank Ltd., Export Development Canada, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Chinatrust Commercial Bank, Ltd., with PT Bank DBS Indonesia acting as the facility agent. d Syndicated loan consist of PT Bank Negara Indonesia Persero Tbk and PT Bank CIMB Niaga Tbk, with PT Bank Negara Indonesia Persero Tbk acting as the facility agent. This credit agreement has been terminated in March 2010. PT XL AXIATA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Page 34

13. LONG-TERM LOANS continued

The Company is required to comply with certain conditions, such as hedging, limitations on certain asset sales or transfers, maintaining the majority ownership of the Companys shares directly or indirectly by Axiata Group Berhad and maintaining its debt to EBITDA ratio not to exceed 4.5 to 1.0. Syndicated loan facilities I also requires the EBITDA to net interest expense ratio should not be less than 3.0 to 1.0. The above credit facilities were utilised for loan refinancing, working capital, and acquisition of fixed assets. At each reporting date, the Company was in compliance with the covenants of its long-term loans.

14. LONG-TERM BONDS

31122007 31122008 31122009 Equivalent Equivalent Equivalent Original to million Original to million Original to million Bonds currency Rupiah currency Rupiah currency Rupiah USD 350 million Notes USD 350,000,000 3,296,650 - - - - USD 250 million Notes USD 250,000,000 2,354,750 USD 127,702,000 1,398,337 USD 59,432,000 558,661 Rp 1.5 trillion Notes full amount Rp 1,500,000 1,500,000 Rp 1,500,000 1,500,000 Rp 1,500,000 1,500,000 7,151,400 2,898,337 2,058,661 Unamortised discount 53,884 19,089 8,510 7,097,516 2,879,248 2,050,151 Less: current portion 3,283,434 - 553,822 Long-term portion 3,814,082 2,879,248 1,496,329 31032009 31032010 Equivalent Equivalent Original to million Original to million currency Rupiah currency Rupiah USD 250 million Notes USD 127,702,000 1,478,151 - - Rp 1.5 trillion Notes full amount Rp 1,500,000 1,500,000 Rp 1,500,000 1,500,000 2,978,151 1,500,000 Unamortised discount 17,834 3,277 2,960,317 1,496,723 Less: current portion - - Long-term portion 2,960,317 1,496,723