DEFERRED CONSIDERATION FOR BUSINESS COMBINATIONS continued

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 78

25. CAPITAL STOCK continued

September 30, 2011 Number of Percentage Total Description shares of ownership paid-up capital Series A Dwiwarna share Government 1 - - Series B shares Government 10,320,470,711 52.85 2,580,118 The Bank of New York Mellon Corporation 2,949,198,856 15.10 737,300 Directors Note 1b: Ermady Dahlan 17,604 - 4 Indra Utoyo 5,508 - 1 Public individually less than 5 6,258,423,600 32.05 1,564,606 Total 19,528,116,280 100.00 4,882,029 Treasury stock Note 27 631,883,000 - 157,971 Total 20,159,999,280 100.00 5,040,000 The Company only issued 1 Series A Dwiwarna share which is held by the Government and cannot be transferred to any party, and has a veto in the General Meeting of Stockholders of the Company with respect to election and removal of the Board of Commissioners and Directors, issuance of new shares and to amend the Company’s Articles of Association. Series B shares give the same and equal rights to all the Series B stockholders. 26. ADDITIONAL PAID-IN CAPITAL December 31, September 30, 2010 2011 Proceeds from sale of 933,333,000 shares in excess of par value through IPO in 1995 1,446,666 1,446,666 Capitalization into 746,666,640 Series B shares in 1999 373,333 373,333 Total 1,073,333 1,073,333 27. TREASURY STOCK The Company had repurchased the Series B shares phase I, II, III and IV based on the AGM of Stockholders of the Company Note 1c and on the potential crisis market condition based on BAPEPAM-LK Regulation No. XI.B.3 Attachment to the Decision of the Chairman of BAPEPAM-LK No. Kep-401BL2008 dated October 9, 2008. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 79

27. TREASURY STOCK continued

Based on the resolution at the AGM of Stockholders of the Company on May 19, 2011, the stockholders authorized the phase IV plan to repurchase the Company’s issued and outstanding Series B shares. The proposal was to undertake a stock repurchase program with the following terms and conditions: i maximum stock repurchase would be 645,161,290 of the Company’s issued Series B shares with total cost not to exceed Rp.5,000,000 million; and ii the period determined for the acquisition would not be longer than 18 months May 19, 2011 to November 20, 2012. On May 23, 2011, the Company has released a full disclosure statement to the public in relation with fund allocation addition for phase IV stock repurchase program from Rp.3,000,000 million to Rp.5,000,000 million. As of December 31, 2010 and September 30, 2011, the Company has repurchased 490,574,500 and 631,883,000 of the Company’s issued and outstanding Series B shares, respectively, representing 2.43 and 3.13 of the Company’s issued and outstanding Series B shares, for a total repurchase amount of Rp.4,264,073 million and Rp.5,293,049 million up to 2010 and 2011, respectively, including broker’s commissions and custodian fees. The Company has planned to retain, sell or use the treasury stock for other purposes in accordance with BAPEPAM-LK Regulation No. XI.B.2 and under Law No. 402007 on Limited Liability Companies. Pursuant to the AGM of Stockholders of the Company dated June 11, 2010, the stockholders approved the changes to the Company’s plan for used of the treasury stock as result of the Share Buy Back I, II and III, as follows: i market placement; ii cancellation; iii equity conversion; and iv funding. 2010 2011 Number Number of shares Rp. of shares Rp. Balance beginning 490,574,500 4,264,073 490,574,500 4,264,073 Number of shares acquired - - 141,308,500 1,028,976 Balance ending 490,574,500 4,264,073 631,883,000 5,293,049