External Liquidity Sources Our primary external sources of liquidity are short and

B. Expansion - On January 16, 2014, we establish 100 ownership

subsidiary under the name PT Infrastruktur Telekomunikasi Indonesia Telkom Infra was accepted and approved by the Ministry of Law and Human Rights of the Republic of Indonesia “MoLHR” in its Letter No. AHU-03196.AH.01.01.2014 dated January 23, 2014 with. Telkom Infra is engaged in the construction, services and telecommunications trade. - On August 27, 2014, based on notarial deed Zulkifli Harahap, SH 21 dated August 27, 2014, was accepted and approved by the MoLHR in its Letter No AHU- 22722. 40.10.2014 dated September 1, 2014, Telkom Property formed a 99.99 ownership subsidiary called PT Nusantara Sukses Sarana NSS. NSS focused on the building and hotel management services and other services. - On August 27, 2014, based on notarial deed Zulkifli Harahap, SH 22 dated August 27, 2014, was accepted and approved by the MoLHR in its Letter No AHU- 22723. 40.10.2014 dated September 1, 2014, Telkom Property formed a 99.99 ownership subsidiary called PT Nusantara Sukses Realti NSR. NSR focused on services and trade. - On August 27, 2014, based on notarial deed Zulkifli Harahap, SH, No. 23 dated August 27, 2014, was accepted and approved by the MoLHR in its Letter No AHU-22724. 40.10.2014 dated September 1, 2014, Telkom Property formed a 99.99 ownership subsidiary called PT Nusantara Sukses Investasi NSI. NSI focused on services and trade. - On September 11, 2014, based on notarial deed Jimmy TANAL, SH, MH, No. 118 dated September 11, 2014, PINS buy 25 of outstanding shares of PT Tiphone Mobile Indonesia, Tbk Tiphone with an acquisition cost of Rp1.395 billion. Tiphone establish on June 25, 2008 with the name Tiphone Mobile Indonesia Tbk, with the main activities of running a business in the field of telecommunications equipment trade in the form of the following mobile phone spare parts, accessories, pulses as well as repair services and the provision of content through its subsidiaries.

C. Divestation

In 2014, we have no divestation transacation.

D. Acquisition - On September 25, 2014, Telkom Australia Telin through

acquisitions over 75 share of Australia Pty Ltd Contact Centres. CCA with an acquisition cost of AU 10,843,000 or equivalent to Rp116 billion. CCA is a private company based in Surry Hills, Sydney and founded in 2002. The company provides solutions Business Process Outsourching BPO, engaged in the contact center services for fundraising not for profit organization and commercial business, a comprehensive and integrated with other services for end-to-end solution that is complete.

E. DebtCapital Restructure

In 2014, we have no debtcapital restructure. MATERIAL INFORMATION OF CONFLICT OF INTEREST ANDOR AFFILIATED TRANSACTION In 2014, we have no conflict of interest or affiliated transaction. MATERIAL INFORMATION AND FACTS AFTER ACCOUNTANT REPORTING DATE We are not aware of any subsequent events occurred after the accountant’s report date until the issuance date of this Annual Report. CHANGE IN ACCOUNTING POLICIES The consolidated financial statements of the Group has been prepared in accordance with Financial Accounting Standards Standar Akuntansi Keuangan or “SAK” including Indonesian Financial Accounting Standards Pernyataan Standar Akuntansi Keuangan or “PSAK” and Interpretation of Financial Accounting Standards Interpretasi Standar Akuntansi Keuangan or “ISAK” in Indonesia published by Financial Accounting Standard Board of Indonesian Institute of Accountants and Regulation No. VIII.G.7 of the Capital Market and Financial Institution Supervisory Agency “Bapepam-LK” regarding the Presentation and Disclosures of Financial Statements of Issuers or Public Companies, enclosed in the decision letter KEP- 347BL2012. Changes to the statements of financial accounting standards PSAKs and interpretations of statements of financial accounting standards Interpretasi Standar Akuntansi Keuangan or “ISAKs” 137 2014 Annual Report PT Telkom Indonesia Tbk Persero