NON-CONTROLLING INTERESTS continued FS English Q1 2017 FINAL

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 60

18. CAPITAL STOCK

March 31, 2017 Description Number of shares Percentage of ownership Total paid-in capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation 6.600.041.280 6.67 330 Commissioners Note 1b: Hendri Saparini 414,157 Dolfie Othniel Fredric Palit 372,741 Hadiyanto 875,297 Directors Note 1b: Alex Janangkih Sinaga 920,349 Indra Utoyo 1,972,644 Honesti Basyir 1,945,644 Herdy Rosadi Harman 828,012 Abdus Somad Arief 828,314 Dian Rachmawan 888,854 Public individually less than 5 40.850.775.748 41.24 2,043 Total 99,062,216,600 100.00 4,953 Treasury stock Note 20 1,737,779,800 87 Total 100,799,996,400 100.00 5,040 December 31, 2016 Description Number of shares Percentage of ownership Total paid-in capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation 7,000,589,980 7.07 350 Commissioners Note 1b: Hendri Saparini 414,157 Dolfie Othniel Fredric Palit 372,741 Hadiyanto 875,297 Directors Note 1b: Alex Janangkih Sinaga 920,349 Indra Utoyo 1,972,644 Honesti Basyir 1,945,644 Herdy Rosadi Harman 828,012 Abdus Somad Arief 828,314 Dian Rachmawan 888,854 Public individually less than 5 40,450,227,048 40.84 2,023 Total 99,062,216,600 100.00 4,953 Treasury stock Note 20 1,737,779,800 87 Total 100,799,996,400 100.00 5,040 The Bank of New York Mellon Corporation serves as the Depositary of the registered ADS holders for the Company’s ADSs. The Company issued only 1 Series A Dwiwarna share which is held by the Government and can not be transferred to any party, and has a veto in the General Meeting of Stockholders of the Company with respect to election and removal from the Boards of Commissioners and Directors, issuance of new shares, and amendments of the Company’s Articles of Association. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 61

19. ADDITIONAL PAID-IN CAPITAL March 31, 2017

December 31, 2016 Proceeds from sale of 933,333,000 shares in excess of par value through IPO in 1995 1,446 1,446 Excess of value over cost of selling 215,000,000 shares under the treasury stock plan phase II Note 20 576 576 Excess of value over cost of selling 211,290,500 shares under the treasury stock plan phase I Note 20 544 544 Difference in value arising from restructuring transactions between entities under common control 478 478 Excess of value over cost of treasury stock transferred to employee stock ownership program Note 20 228 228 Excess of value over cost of selling 22,363,000 shares under the treasury stock plan phase III Note 20 36 36 Excess of value over cost of selling 864,000,000 shares under the treasury stock plan phase IV Note 20 1,996 1,996 Capitalization into 746,666,640 Series B shares in 1999 373 373 Net 4,931 4,931 Difference in value arising from restructuring and other transactions of entities under common control amounting Rp478 billion arose from the early termination of the Company’s exclusive rights to provide local and inter-local fixed line telecommunication services, for which the Company is required by the Government to use the funds received from this compensation for the development of telecommunication infrastructure. As of March 31, 2017 and December 31, 2016, the accumulated development of the related infrastructure amounting to Rp537 billion, respectively. 20. TREASURY STOCK Maximum Purchase Phase Basis Period Number of Shares Amount I EGM December 21, 2005 - June 20, 2007 1,007,999,964 Rp5,250 II AGM June 29, 2007 - December 28, 2008 215,000,000 Rp2,000 III AGM June 20, 2008 - December 20, 2009 339,443,313 Rp3,000 - BAPEPAM - LK October 13, 2008 - January 12, 2009 4,031,999,856 Rp3,000 IV AGM May 19, 2011 - November 20, 2012 645,161,290 Rp5,000 Movements in treasury stock as a result of the repurchase of shares are as follows: March 31, 2017 December 31, 2016 Number of shares Rp Number of shares Rp Beginning balance 1,737,779,800

1.72 2,541

2,601,779,800 2.58 3,804 Sale of treasury stock - - - 864,000,000 0.86 1,263 Ending balance 1,737,779,800

1.72 2,541

1,737,779,800 1.72 2,541