Public offering of shares of the Company

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010 SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated 14

1. GENERAL continued d. Subsidiaries continued

i Direct subsidiaries: continued Percentage of Nature of business effective Total assets date of incorporation Date of ownership interest before elimination Subsidiaryplace of or acquisition by commercial incorporation the Company operation 2009 2010 2009 2010 PT Indonusa Telemedia Pay television and 1997 100 100 175,058 207,083 “Indonusa”, content services including including Jakarta, Indonesia May 7, 1997 through through 1.25 1.25 ownership ownership by Metra by Metra PT Graha Sarana Duta Leasing of offices 1982 99.99 99.99 173,764 190,868 “GSD”, Jakarta, and providing building Indonesia management and maintenance services, civil consultant and developer April 25, 2001 PT Napsindo Primatel Telecommunication - 1999; ceased 60 60 4,910 4,910 Internasional provides Network operation on “Napsindo”, Access Point NAP, January 13, Jakarta, Indonesia Voice Over Data 2006 VOD and other related services December 29, 1998 ii Indirect subsidiaries: Percentage of Nature of business effective Total assets date of incorporation Date of ownership interest before elimination Subsidiaryplace of or acquisition by commercial incorporation subsidiary operation 2009 2010 2009 2010 PT Sigma Cipta Caraka Information technology 1988 80 80 392,806 506,750 “Sigma”, Tangerang, service - sytem through through Indonesia implementation and 80 80 integration service, ownership ownership outsourcing and by Metra by Metra software license maintenanceMay 1, 1987 Telekomunikasi Telecommunication 2008 100 through 100 through 173,429 190,032 Indonesia December 6, 2007 100 100 International Pte. Ltd., ownership by ownership by Singapore TII TII PT Balebat Dedikasi Prima PrintingOctober 1, 2003 2000 65 65 81,472 85,674 “Balebat”, Bogor, through through Indonesia 65 65 ownership by ownership by Infomedia Infomedia PT Finnet Indonesia Banking data and 2006 60 60 36,696 67,923 “Finnet”, Jakarta, communication through through Indonesia October 31, 2005 60 60 ownership ownership by Metra by Metra PT Administrasi Medika Heatlh insurance 2010 - 75 through - 52,974 “Ad Medika”, administration service 75 Jakarta, Indonesia February 25, 2010 ownership by Metra PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010 SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated 15

1. GENERAL continued d. Subsidiaries continued

ii Indirect subsidiaries: continued Percentage of Nature of business effective Total assets date of incorporation Date of ownership interest before elimination Subsidiaryplace of or acquisition by commercial incorporation subsidiary operation 2009 2010 2009 2010 Telkomsel Finance B.V., Finance - establish 2005 65 through 65 through 9,402 8,159 “TFBV”, Amsterdam, in 2005 for the 100 100 The Netherlands purpose of borrowing, ownership by ownership by lending and Telkomsel Telkomsel raising funds including issuance of bonds, promissory notes or debts February 7, 2005 PT Metra-Net “Metra-Net” Multimedia portal 2009 99 through 99 through 10,587 13,516 Jakarta, Indonesia serviceApril 17, 2009 99 99 ownership by ownership by Metra Metra Aria West International Established to engaged 1996; ceased 100 through 100 through 883 406 Finance B.V. in rendering services operation on 100 100 “AWI BV”, in the field of trade July 31, 2003 ownership by ownership by The Netherlands and finance services TII TII June 3, 1996 Telekomunikasi Selular Finance - establish 2002 65 through 65 through 25 77 Finance Limited to raise funds 100 100 “TSFL”, Mauritius for the development of ownership by ownership by Telkomsel ’s business Telkomsel Telkomsel through the issuance of debenture stock, bonds, mortgages or any other securities April 22, 2002 a Telkomsel On February 14, 2006, Telkomsel was granted the International Mobile Telecommunications-2000 “IMT-2000” or 3 rd Generation technology “3G” license in 2.1 Gigahertz “GHz” frequency bandwidth for a 10 year period by the Minister of Communication and Information Technology of the Republic of Indonesia “MoCI”, based on its Decision Letter No. 19KEPM.KOMINFO22006. The license is extendable subject to evaluation Notes 14 and 49c.i. Telkomsel started its commercial services for 3G in September 2006. On October 11, 2006, Telkomsel’s operating licenses were updated by the MoCI based on Decision Letter No. 101KEPM.KOMINFO102006, granting Telkomsel the rights to provide: i Mobile telecommunication services with radio frequency bandwidth in 900 Megahertz “MHz” and 1800 MHz bands; ii Mobile telecommunication services IMT-2000 with radio frequency bandwidth in the 2.1 GHz bands 3G; and iii Basic telecommunication services. This license stipulates the rights and obligations of Telkomsel, including any relevant sanctions. The license has a perpetual term, which is subject to evaluation on an annual basis.