DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY continued DEPOSITS FROM OTHER BANKS - TIME DEPOSITS

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 84

22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE

December 31, 2004 Counter-party Commencement Date Maturity Date Repurchase Amount Serial Number Deutsche Bank 05092003 10252006 1,305,000 GRB VR0010 Standard Chartered Bank 06042003 06062005 1,037,500 GRB VR0013 HSBC Bank 11032004 11032009 285,060 GRB FR0019 Standard Chartered Bank 11042004 11042009 284,062 GRB VR0017 PT Mega Finadana 12222004 01052005 1,003 Bonds PT Mega Finadana 12102004 01102005 1,007 Bonds 2,913,632 The agreements to repurchase Government Recapitalization Bonds with Standard Chartered Bank serial numbers VR0013 and VR0017 and HSBC Bank serial number FR00019 are associated with cross currency swap transactions with the respective counterparties. There is no premium or discount on these contracts. On January 28, 2004, Bank Mandiri made an early termination of its securities sold with agreements to repurchase which were due to mature on September 11, 2005 and September 25, 2005 amounting to Rp2,000,000 with Bank Mega. December 31, 2003 As of December 31, 2003, securities sold with agreements to repurchase were as follows: Counter-party Commencement Date Maturity Date Repurchase Amount Serial Number Deutsche Bank 05092003 10252006 1,305,000 GRB VR0010 Standard Chartered 06042003 06062005 1,037,500 GRB VR0013 Standard Chartered 11172003 01122004 32,603 GRB FR0002 Standard Chartered 11172003 01122004 9,000 GRB FR0005 Standard Chartered 11172003 01122004 4,500 GRB FR0004 Bank Mega 09112003 09112005 266,667 GRB VR0014 Bank Mega 09112003 09112005 266,667 GRB VR0015 Bank Mega 09112003 09112005 266,666 GRB VR0017 Bank Mega 09252003 09252005 400,000 GRB VR0014 Bank Mega 09252003 09252005 400,000 GRB VR0015 Bank Mega 09252003 09252005 400,000 GRB VR0017 Bank Bumiputera 12232003 01292004 17,074 FRN 4,405,677 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 85

22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE continued

The agreements to repurchase Government Recapitalization Bonds with Deutsche Bank series VR0010 and Standard Chartered Bank series VR0013 are associated with cross currency swap transactions with the respective counterparties. The Bank will settle all the repurchase agreements at nominal values at maturity. There is no premium or discount on these contracts Notes 7 and 10. April 30, 2003 As of April 30, 2003, securities sold with agreements to repurchase were as follows: Counter-party Commencement Date Marutity Date Repurchase Amount Serial Number Deutsche Bank 01312002 01312004 735,000 GRB FR0002 The Bank sold Government recapitalization bond serial number FR0002 with an agreement to repurchase, and entered into a swap transaction with Deutsche Bank Notes 7 and 10. 23. ACCEPTANCES PAYABLE a. By Currency: December 31, December 31, April 30, 2004 2003 2003 Rupiah: Payable to other banks Related parties - - - Third parties 136,480 50,407 77,142 Payable to debtors Related parties - - - Third parties 3,289 - - Total Rupiah 139,769 50,407 77,142 Foreign Currency: Payable to other banks Related parties - - - Third parties 5,080,959 3,200,235 2,688,977 Payable to debtors Related parties - - - Third parties 20,660 14,230 25,518 Total Foreign Currency 5,101,619 3,214,465 2,714,495 5,241,388 3,264,872 2,791,637 b. By Maturity : December 31, December 31, April 30, 2004 2003 2003 Rupiah: Less than 1 month 32,183 12,196 77,142 1 - 3 months 67,331 10,172 - 3 - 6 months 40,255 28,039 - 6 - 12 months - - - More than 12 months - - - 139,769 50,407 77,142