GAINSLOSSES FROM SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5110 43. PENSION AND SEVERANCE continued Pension Plan continued a. Bank Mandiri and the employees contribute 10.00 and 5.00 of the Base Pension Plan Employee Income, respectively. The President Director 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. As a consequence, transactions between the DPBM and Bank Mandiri are considered related party transactions. The DPBM invests a part of its financial resources in Bank Mandiri time deposits, which balances as at 31 December 2009, 2008 and 2007 were Rp25,500, Rp35,500 and Rp10,000, respectively. The interest rates on these time deposits are at arms-length. The Bank paid pension contributions totaling Rp162,587, Rp154,830 and Rp129,470, respectively, for the years ended 31 December 2009, 2008 and 2007, respectively. b. Four employer defined benefit pension plans, Dana Pensiun Pemberi Kerja Program Pensiun Manfaat Pasti DPPK-PPMP are derived from the respective pension plans of the Merged Banks, namely Dana Pensiun Bank Mandiri Satu or DPBM I BBD, DPBM II BDN, DPBM III Bank Exim and DPBM IV Bapindo. The regulations of the respective pension plans were approved by the Ministry 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 of 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 Ministry of Finance of the Republic of Indonesia based on its decision letters No. KEP115KM.62003 for PDP DPBM I, No. KEP116KM.62003 for PDP DPBM II, No. KEP117KM.62003 for PDP DPBM III, and No. KEP118KM.62003 for PDP DPBM IV, all dated 31 March 2003. The members of the defined benefit pension plans are the employees from the legacy banks who have rendered three or more services years at the time of merger and are comprise of active employees of the Bank, former employee those who have resigned and did not transfer their beneficial right to other pension plan and pensioners. Based on the decision of the Annual General Shareholders’ Meeting dated 28 May 2007, Bank Mandiri increased the pension benefit from each of the Pension Plans. The decision was stated in each Pension Plan Regulation and has been approved by the Ministry of Finance of the Republic of Indonesia with decision letter No. KEP-144KM.102007 DPBM I; No. KEP-145KM.102007 DPBM II; No. KEP-146KM.102007 DPBM III and No. KEP-147KM.102007 DPBM IV all dated 20 July 2007. As at 31 December 2009, 2008 and 2007, a pension benefit obligation have been provided based on the calculation obligation and pension benefit cost for the years ended 31 December 2009, 2008, 2007 is based on the independent actuarial report of PT Eldridge Gunaprima Solution dated 25 January 2010 and 30 January 2009 for the years ended 31 December 2009 and 2008 and PT Dayamandiri Dharmakonsilindo dated 31 January 2008 for the years ended 31 December 2007, respectively, in its calculation the actuary used the following assumptions: PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5111 43. PENSION AND SEVERANCE continued Pension Plan continued DPBM I DPBM II DPBM III DPBM IV Discount rate 11.00 per annum 2008: 12 .00 and 2007: 9.50 11.00 per annum 2008: 12.00 and 2007: 9.50 11.00 per annum 2008: 12.00 and 2007: 9.50 11.00 per annum 2008: 12.00 and 2007: 9.50 Expected rate of return on plan assets 10.00 per annum 2008: 10 .00 and 2007: 9.50 1.000 per annum 2008: 10.00 and 2007: 9.50 10.00 per annum 2008: 10.00 and 2007: 9.50 10.00 per annum 2008: 10.00 and 2007: 9.50 Working period used As at 31 July 1999 As at 31 July 1999 As at 31 July 1999 As at 31 July 1999 Pensionable salary PhDP used As at 1 January 2003, adjusted PhDP of legacy banks’ As at 1 January 2003, adjusted PhDP of legacy banks’ As at 1 January 2003, adjusted PhDP of legacy banks’ As at 1 January 2003, adjusted PhDP of legacy banks’ Expected rates of PhDP increase Nil Nil Nil Nil Mortality Rate Table 2009 and 2008: Indonesia Mortality Table 1999 TMI II for active members and Group Annuity Mortality 1983 GAM ’83 for pensioners 2007: CSO -1958 2009 and 2008: Indonesia Mortality Table 1999 TMI II for active members and Group Annuity Mortality 1983 GAM ’83 for pensioners 2007: CSO -1958 2009 and 2008: Indonesia Mortality Table 1999 TMI II for active members and Group Annuity Mortality 1983 GAM ’83 for pensioners 2007: CSO -1958 2009 and 2008: Indonesia Mortality Table 1999 TMI II for active members and Group Annuity Mortality 1983 GAM ’83 for pensioners 2007: CSO -1958 Turnover rate 2009 and 2008:5.00 up to employees’ age of 25 and reducing linearly by 0.167 for each year up to 0.00 up to at age 55 and there after 2007: 5.00 up to employees’ age of 25 and reducing linearly by 0.25 for each year up to 0.00 at age 45 and thereafter 2009 and 2008:5.00 up to employees’ age of 25 and reducing linearly by 0.167 for each year up to 0.00 up to at age 55 and there after 2007: 5.00 up to employees’ age of 25 and reducing linearly by 0.25 for each year up to 0.00 at age 45 and thereafter 2009 and 2008:5.00 up to employees’ age of 25 and reducing linearly by 0.167 for each year up to 0.00 up to at age 55 and there after 2007: 5.00 up to employees’ age of 25 and reducing linearly by 0.25 for each year up to 0.00 at age 45 and thereafter 2009 and 2008:5.00 up to employees’ age of 25 and reducing linearly by 0.167 for each year up to 0.00 up to at age 55 and there after 2007: 5.00 up to employees’ age of 25 and reducing linearly by 0.25 for each year up to 0.00 at age 45 and thereafter Disability rate 10.00 of TMI II 2008: 10.00 of TMI II; 2007: 10.00 of mortality rate 10.00 of TMI II 2008: 10.00 of TMI II; 2007: 10.00 of mortality rate 10.00 of TMI II 2008: 10.00 of TMI II; 2007: 10.00 of mortality rate 10.00 of TMI II 2008: 10.00 of TMI II; 2007: 10.00 of mortality rate Actuarial method Projected Unit Credit Projected Unit Credit Projected Unit Credit Projected Unit Credit Normal retirement age 56 years for all grades 56 years for all grades 56 years for all grades 56 years for all grades Maximum defined benefit amount 80.00 of PhDP 80.00 of PhDP 62.50 PhDP 75.00 PhDP Expected rate of pension benefit increase Nil Nil Nil 4.00 every 2 years Tax rates - average 3.00 of pension benefit 2008: 5.00 of pension benefit; 2007: 15.00 of pension benefit 3.00 of pension benefit 2008: 5.00 of pension benefit; 2007: 15.00 of pension benefit 3.00 of pension benefit 2008: 5.00 of pension benefit; 2007: 15.00 of pension benefit 3.00 of pension benefit 2008: 5.00 of pension benefit; 2007: 15.00 of pension benefit PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009, 2008 AND 2007 Expressed in millions of Rupiah, unless otherwise stated Appendix 5112 43. PENSION AND SEVERANCE continued Pension Plan continued The projected benefit obligations and fair value of plan assets as at 31 December 2009 are as follows: DPBM I DPBM II DPBM III DPBM IV Projected Benefit Obligations 890,700 932,393 448,578 264,022 Fair Value of Plan Assets 1,480,532 1,608,831 701,528 513,671 Funded Status 589,832 676,438 252,950 249,649 Unrecognised Past Service Cost - - - - Unrecognised Actuarial Gains 475,036 488,194 186,897 125,713 Surplus Based on SFAS No. 24 revised 2004 114,796 188,244 66,053 123,936 Asset Ceilling - - - - Pension Plan Program Assets recognised in balance sheet - - - - The projected benefit obligations and fair value of plan assets as at 31 December 2008 were as follows: DPBM I DPBM II DPBM III DPBM IV Projected Benefit Obligations 845,275 894,127 429,552 258,659 Fair Value of Plan Assets 1,282,165 1,363,865 705,327 487,306 Funded Status 436,890 469,738 275,775 228,647 Unrecognised Past Service Cost - - - - Unrecognised Actuarial Gains 378,683 335,032 249,143 131,152 Surplus Based on SFAS No. 24 revised 2004 58,207 134,706 26,632 97,495 Asset Ceilling - - - - Pension Plan Program Assets recognised in balance sheet - - - -