INTEREST EXPENSE AND SHARIA EXPENSE

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 172

49. GENERAL AND ADMINISTRATIVE EXPENSES For the year ended December 31,

2015 2014 Professional fees 2,750,772 2,380,440 Rent 1,627,002 1,291,413 Depreciation of fixed assets Note 18 1,187,795 938,547 Goodsservices provided by third parties 1,186,835 1,116,362 Communication 1,025,079 918,280 Repairs and maintenance 1,039,401 973,698 Promotion 982,701 986,272 Office supplies 518,344 488,373 Electricity, water and gas 527,356 512,952 Transportations 365,134 339,631 Amortisation of intangible assets 302,590 217,254 Traveling expenses 187,991 247,239 Insurance expenses 66,899 70,404 Others 1,031,952 967,445 12,799,851 11,448,310 For the year ended December 31, 2015 and 2014, promotions expenses include the sweepstakes prize expense of third party funds amounting to Rp68,648 and Rp48,145, respectively.

50. EMPLOYEE BENEFITS

Under the Bank’s policy, in addition to salaries, employees are entitled to allowances and benefits, such as holiday allowance, 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 August 1, 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 July 14, 1999 and was published in supplement of the State Gazette of the Republic of Indonesia No. 62 dated August 3, 1999 and Bank Mandiri’s Directors’ Resolution No. 004KEP.DIR1999 dated April 26, 1999 and were amended based on the Minister of Finance of the Republic of Indonesia’s Decision Letter No. KEP-213KM.52005 dated July 22, 2005 and was published in the supplement of the State Gazette of the Republic of Indonesia No. 77 dated September 27, 2005 and Bank Mandiri’s Directors’ Resolution No. 068KEP.DIR2005 dated June 28, 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 of December 31, 2015 and 2014 were Rp198,800 and Rp374,090, respectively. The interest rates on these time deposits are given on arms-length basis. For the years ended December 31, 2015 and 2014, the Bank has paid pension contributions amounting to Rp331,278 and Rp290,647, respectively.