BRI BANK LOANS continued f. Bank CIMB Niaga continued

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 65

23. BANK LOANS continued

j. Syndication of banks i On July 29, 2008, the Company entered into a long-term loan agreements with syndication of BNI, BRI and Bank Jabar syndication of banks of Rp.2,400,000 million. This facility is payable in 8 equal semi-annual installments commencing 6 months after the end of the availability period. Bank BNI, acting as the facility agent, charged a floating interest rate of three-month JIBOR plus 1.2 per annum which becomes due quarterly in arrears and is unsecured. The loan will mature on July 28, 2013. As of June 30, 2009 and 2010, the principal outstanding amounted to Rp.2,400,000 million and Rp.2,100,000 million, respectively. As stated in the agreements, the Company is required to comply with all covenants or restrictions including maintaining financial ratios as follows, in which the Company has complied with as of June 30, 2010 as follows: 1. Debt to equity ratio should not exceed 2:1. 2. Debt service coverage ratio should exceed 125. ii On June 16, 2009, the Company entered into a long-term loan agreements with syndication of BNI and BRI syndication of banks for Rp.2,700,000 million. This facility is payable in 8 equal semi-annual installments commencing 6 months after the end of the availability period. Bank BNI, acting as the facility agent, charged a floating interest rate of three-month JIBOR plus 2.45 per annum which becomes due quarterly in arrears and is unsecured. The loan will mature on June 15, 2014. As of June 30, 2009 and 2010, the principal outstanding amounted to Rp.2,200,000 million and Rp.2,700,000 million, respectively. As stated in the agreements, the Company is required to comply with all covenants or restrictions including maintaining financial ratios as follows, in which the Company has complied with as of June 30, 2010 as follows: 1. Debt to equity ratio should not exceed 2:1. 2. Debt service coverage ratio should exceed 125. k. ANZ Panin On September 4, 2009, Telkomsel entered a medium-term facility loan agreement with ANZ Panin for Rp.1,000,000 million. This facility is in 9 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three- month JIBOR plus 2.5 per annum which becomes due quarterly in arrears and is unsecured. l. BII On September 15, 2009, Telkomsel entered a medium-term facility loan agreement with BII for Rp.500,000 million. This facility is in 9 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month JIBOR plus 3.25 per annum which becomes due quarterly in arrears and is unsecured. 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 66

23. BANK LOANS continued