DEPOSITS FROM OTHER BANKS - DEMAND AND SAVINGS DEPOSITS continued

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated 72

21. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued

Based on the agreement counterparty bank has option rights to pre-terminate the transaction by early terminationwithdrawal of the Rupiah and US Dollar deposits on any of the redemption date each year. The Agreement requires the Bank to add top up Rupiah deposit placement to counterparty bank during the period of transaction based on the movement of Rupiah against US Dollar spot rate. On June 15, 2006, the Bank has excercised the right to early terminate the facility of US50,000,000 full amount with effective date May 17, 2005. On December 15, 2006, the Bank also has exercised the right to early terminate the facility of US50,000,000 full amount with effective date June 8, 2005. In the event that counterparty bank excercise the option then the outstanding placement in Callable Zero Coupon Deposit is not automatically terminated. Based on the agreement, counterparty bank has option right to early terminate the agreement in effect of unwind events, which is the Bank failed to pay Rupiah deposit top up as required in the agreement. If counterparty bank exercised their option right to early terminate the agreement due to unwind events, the Bank has to pay unwind cost to counterparty bank as determined later by the counterparty bank. In addition counterparty bank has option right to early terminate the transaction if counterparty bank assess the fund received in the form of callable zero coupon deposits has higher interest rate than the market interest rate, as the counterparty bank has executed on May 28, 2007 and June 25, 2007. On May 28, 2007, counterparty bank terminated the callable zero coupon deposits with beginning balance amounting Rp634,000 and paid cash as settlement of the transaction on settlement date June 20, 2007. On June 25, 2007, counterparty bank terminated the callable zero coupon deposits with beginning balance amounting Rp634,000 and paid cash as settlement of the transaction on settlement date December 21, 2007. 22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE As of December 31, 2007, securities sold with agreements to repurchase are as follows: Securities Nominal Value Commen- cement Date Maturity Date Repurchase Value Unamortized Prepaid Interest Expense Net Value Government Bonds Rupiah Bonds VR0013 617,500 06072005 01072008 617,500 - 617,500 Bonds VR0031 669,000 12192007 01032008 602,746 259 602,487 Bonds VR0031 446,000 12192007 01032008 401,829 172 401,657 Bonds VR0019 355,652 05182005 05182010 316,356 - 316,356 Bonds FR0040, FR0043 and FR0047 283,000 12282007 01282008 297,527 34 297,493 Bonds FR0019 231,028 11032004 11032009 285,060 - 285,060 Bonds VR0017 289,859 11042004 11042009 284,062 - 284,062 Bonds FR0020, FR0027 and FR0033 100,000 12282007 01112008 110,021 293 109,728 Total 2,992,039 2,915,101 758 2,914,343 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated 73

22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE continued

As of December 31, 2006, securities sold with agreements to repurchase were as follows: Securities Nominal Value Commen- cement Date Maturity Date Repurchase Value Unamortized Prepaid Interest Expense Net Value Governmnet Bonds Rupiah Bonds VR0013 617,500 06072005 01072008 617,500 - 617,500 Bonds VR0019 355,652 05182005 05182010 316,356 - 316,356 Bonds FR0019 231,028 11032004 11032009 285,060 - 285,060 Bonds VR0017 289,859 11042004 11042009 284,062 - 284,062 Bonds VR0019 111,915 12282006 01252007 100,700 625 100,075 Bonds FR0040 6,000 12222006 06202007 6,545 314 6,231 Total 1,611,954 1,610,223 939 1,609,284 Foreign Currency Bonds FR0019, FR0023, FR0034 50,588 12152006 01152007 50,828 116 50,712 Bonds FR00038 and FR0040 47,725 12112006 01272007 48,054 182 47,872 Bonds FR0034 and FR0040 16,226 12212006 01222007 16,305 54 16,251 Total 114,539 115,187 352 114,835 Total 1,726,493 1,725,410 1,291 1,724,119 Non Government Bonds Rupiah Bonds 30,000 09292006 09282007 31,994 3,194 28,800 Bonds 27,000 09292006 09282007 26,426 2,396 24,030 Medium Term Notes 21,000 12222006 06202007 22,097 1,097 21,000 Bonds 14,000 09292006 09282007 14,087 1,347 12,740 Medium Term Notes 10,000 09292006 09282007 10,057 822 9,235 Bonds 10,000 09292006 09282007 9,915 915 9,000 Bonds 9,000 12222006 06202007 9,550 550 9,000 Bonds 6,500 12222006 06202007 7,028 398 6,630 Bonds 5,000 09292006 09282007 5,304 504 4,800 Bonds 5,000 09292006 09282007 5,001 476 4,525 Bonds 2,000 12222006 06202007 2,125 112 2,013 Bonds 2,000 12222006 06202007 2,111 104 2,007 Bonds 1,900 12222006 06202007 2,004 123 1,881 Total 143,400 147,699 12,038 135,661 Total 1,869,893 1,873,109 13,329 1,859,780 The agreements to repurchase Government Bonds with counterparty banks serial numbers VR0013, VR0017, FR0019 and serial numbers VR0019 are associated with cross currency swap transactions with the respective counterparties. There is no premium or discount on these contracts.

23. ACCEPTANCES PAYABLE

a. By Currency, Related Parties and Third Parties: 2007 2006 Rupiah: Payable to other banks Related parties Note 47a - 322 Third parties 74,688 290,261 Payable to debtors Third parties 118,195 21,477 Total Rupiah 192,883 312,060