ALLOWANCE FOR IMPAIRMENT LOSSES

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 5137 48. SALARIES AND EMPLOYEE BENEFITS continued Total gross salaries and allowances, bonustantiem, long-term employment benefits of the Boards of Commissioners, Directors, Audit Committee and Risk Monitoring and Good Corporate Governance Committee, Sharia Supervisory Board and Executive Vice President and Senior Vice President are amounting to Rp717,073 and Rp586,221 Note 55 for the years ended 31 December 2014 and 2013, respectively as follows: 2014 Long-term Salaries and Bonus Employment Allowance Tantiem Benefits Total The Board of Commissioners 29,609 53,981 2,459 86,049 Directors 110,995 200,259 10,835 322,089 Audit Committee and Risk Monitoring and Good Corporate Governance Committee 3,255 1,404 - 4,659 Syariah Supervisory Board 1,114 21 - 1,135 Senior Executive Vice Presidents and Senior Vice Presidents 176,079 112,135 14,927 303,141 321,052 367,800 28,221 717,073 Effective from 9 January 2014, Execuvitve Vice Presidents changed to Senior Executive Vice Presidents as mentioned at Board of Directors’ Decree SK No. KEP.DIR122014 2013 Long-term Salaries and Bonus Employment Allowance Tantiem Benefits Total The Board of Commissioners 29,173 52,636 1,757 83,566 Directors 111,619 169,158 11,482 292,259 Audit Committee and Risk Monitoring and Good Corporate Governance Committee 3,133 1,129 - 4,262 Sharia Supervisory Board 1,159 21 - 1,180 Executive Vice Presidents and Senior Vice Presidents 119,644 74,614 10,696 204,954 264,728 297,558 23,935 586,221

49. GENERAL AND ADMINISTRATIVE EXPENSES

2014 2013 Professional fees 2,380,440 1,978,886 Rent 1,291,413 1,157,268 Goodsservices provided by third parties 1,116,362 829,061 Promotions 986,272 989,542 Repairs and maintenance 973,698 883,411 Depreciation of fixed assets Note 19 938,547 822,193 Communications 918,280 824,442 Electricity, water and gas 512,952 433,332 Office supplies 488,373 412,631 Transportations 339,631 294,589 Traveling expenses 247,239 212,948 Amortisation of intangible assets 217,254 131,282 Insurance expenses 70,404 75,737 Others 967,445 853,078 11,448,310 9,898,400 For the year ended 31 December 2014 and 2013, promotions expenses include the sweepstakes prize expense of third party funds amounting to Rp48,145 and Rp21,880, respectively. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 5138 50. EMPLOYEE BENEFITS Under the Bank’s policy, in addition to salaries, employees are entitled to allowances and benefits, such as holiday allowance THR, medical reimbursements, death allowance, leave allowance, functional allowance for certain levels, pension plan for permanent employees, incentives based on employee’s and the Bank’s performance, and post-employment benefits in accordance with prevailing Labor Law. Pension Plan Bank Mandiri has five pension plans in the form of Employer Pension Plans DPPK as follows: a. One defined contribution pension fund, Dana Pensiun Pemberi Kerja Program Pensiun Iuran Pasti DPPK-PPIP or Bank Mandiri Pension Plan Dana Pensiun Bank Mandiri DPBM which was established on 1 August 1999. The DPBM’s regulations were approved by the Minister of Finance of the Republic of Indonesia through its Decision Letter No. KEP300KM.0171999 dated 14 July 1999 and was published in supplement of the State Gazette of the Republic of Indonesia No. 62 dated 3 August 1999 and Bank Mandiri’s Directors’ Resolution No. 004KEP.DIR1999 dated 26 April 1999 and were amended based on the Minister of Finance of the Republic of Indonesia’s Decision Letter No. KEP-213KM.52005 dated 22 July 2005 and was published in the supplement of the State Gazette of the Republic of Indonesia No. 77 dated 27 September 2005 and Bank Mandiri’s Directors’ Resolution No. 068KEP.DIR2005 dated 28 June 2005. Bank Mandiri and the employees contribute 10.00 and 5.00 of the Base Pension Plan Employee Income, respectively. The Board of Directors and the members of the Supervisory Board of the DPBM are active employees of Bank Mandiri; therefore, in substance, Bank Mandiri has control over the DPBM. DPBM invests a part of its investment fund in Bank Mandiri time deposits and deposit on-call, of which total balance as at 31 December 2014 and 2013 were Rp374,090 and Rp97,200 respectively. The interest rates on these time deposits are given on arms-length basis. For the years ended 31 December 2014 and 2013, the Bank has paid pension contributions amounting to Rp290,647 and Rp252,762, respectively. b. Four defined benefit pension funds, Dana Pensiun Pemberi Kerja Program Pensiun Manfaat Pasti DPPK-PPMP which were derived from the respective pension plans of the ex-legacy Merged Banks, namely Dana Pensiun Bank Mandiri Satu or DPBMS BBD, DPBMD BDN, DPBMT Bank Exim and DPBME Bapindo. The regulations of the respective pension plans were approved by the Minister of Finance of the Republic of Indonesia’s through its decision letters No. KEP-394KM.0171999, No. KEP-395KM.0171999, No. KEP-396KM.0171999 and No. KEP-397KM.0171999 all dated 15 November 1999. Based on the approval from shareholders No. S-923M-MBU2003 dated 6 March 2003, Bank Mandiri has adjusted pension benefits for each Pension Fund. Such approval has been incorporated in each of the Pension Fund’s Regulations Peraturan Dana Pensiun PDP which have been approved by the Minister of Finance of the Republic of Indonesia based on its decision letters No. KEP115KM.62003 for PDP DPBMS, No. KEP116KM.62003 for PDP DPBMD, No. KEP117KM.62003 for PDP DPBMT, and No. KEP118KM.62003 for DPBME, all dated 31 March 2003.