PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
12
1. GENERAL
PT Bank Mandiri Persero Tbk. hereinafter referred to as “Bank Mandiri” or the “Bank” was established in the Republic of Indonesia on October 2, 1998 under Government Regulation No. 75 of
1998 dated October 1, 1998 and based on notarial deed No. 10 of Sutjipto, S.H. dated October 2, 1998. The deed of establishment was approved by the Minister of Justice in decision letter
No. C2-16561 HT.01.01.Th98 dated October 2, 1998 and was published in Supplement No. 6859 of State Gazette No. 97 dated December 4, 1998. Bank Mandiri was established through the transfer of
almost all shares formerly owned by the Government of the Republic of Indonesia the “Government” in the former PT Bank Bumi Daya Persero BBD, former PT Bank Dagang Negara Persero BDN,
former PT Bank Ekspor Impor Indonesia Persero BankExim and former PT Bank Pembangunan Indonesia Persero Bapindo hereinafter collectively referred to as the “Merged Banks”, and by
cash payments from the Government.
Based on an amendment to the Articles of Association approved by the Minister of Justice and Human Rights in decision letter No. C-12783 HT.01.04.TH.2003 dated June 6, 2003 that was published in
Supplement No. 6590 of State Gazette No. 63 dated August 8, 2003, the Bank’s name was changed from PT Bank Mandiri Persero to PT Bank Mandiri Persero Tbk.
Bank Mandiri’s Articles of Association have been amended several times. The most recent change is by notarial deed No. 130 of Sutjipto, S.H. dated September 29, 2003 which was approved by the
Minister of Justice and Human Rights in his decision letter No. C-25309.HT.01.04 TH 2003 dated October 23, 2003 and was published in Supplement No. 93 of State Gazette No. 910 dated
October 23, 2003.
In accordance with Article 3 of the Articles of Association, Bank Mandiri is engaged in banking activities in accordance with prevailing laws and regulations. The Bank commenced operations on
August 1, 1999.
In relation to the Bank’s Initial Public Offering IPO, Bank Mandiri submitted its registration to the Capital Market Supervisory Board Bapepam. The Registration Statement became effective based on
the decision letter of the Chairman of Bapepam No. S-1551PM2003 dated June 27, 2003. On July 14, 2003, Bank Mandiri made an Initial Public Offering IPO of its 4,000,000,000 shares, with a
nominal value of Rp500 full amount per share with an initial selling price of Rp675 full amount per share. The offering of 4,000,000,000 shares of the Bank represents a divestment of 20 of the
ownership of the Government of the Republic of Indonesia in Bank Mandiri Note 34. On July 14, 2003, 19,800,000,000 of Bank Mandiri’s shares were listed on the Jakarta Stock Exchange
and Surabaya Stock Exchange based on Jakarta Stock Exchange’s Approval Letter No. S-1187BEJ.PSJ07-2003 dated July 8, 2003 and Bursa Efek Surabaya’s Approval Letter
No. JKT-028LISTBESVII2003 dated July 10, 2003. On March 11, 2004, the Government divested a further 10 shareholding of its 2,000,000,000 shares in
Bank Mandiri through private placements Note 34.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
13
1. GENERAL continued
