GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 5192 61. NEW ACCOUNTING PRONOUNCEMENTS Financial Accounting Standard Board of Indonesian Institute of Accountants DSAK-IAI has issued revision of the following accounting standards which will be effective as at 1 January 2012: - SFAS 10 Revised 2010 – The Effects of Changes in Foreign Exchange Rates, - SFAS 13 Revised 2011 – Investment Property, - SFAS 16 Revised 2011 – Fixed Assets, - SFAS 18 Revised 2010 – Accounting and Reporting of Retirement Benefits Plan, - SFAS 24 Revised 2010 – Employee Benefits, - SFAS 26 Revised 2011 – Borrowing Costs, - SFAS 28 Revised 2010 – Accounting for Loss Insurance, - SFAS 30 Revised 2011 – Leases, - SFAS 33 Revised 2010 – Accounting for General Mining, - SFAS 34 Revised 2010 – Construction Contractor, - SFAS 36 Revised 2010 – Accounting for Life Insurances, - SFAS 38 Revised 2011 – Business Combinations Involving Entities Under Common Control, - SFAS 45 Revised 2010 – Financial Reporting for Non-Profit Organisation, - SFAS 46 Revised 2010 – Income Taxes, - SFAS 50 Revised 2010 – Financial Instruments: Presentation, - SFAS 53 Revised 2010 – Share-Based Payment, - SFAS 55 Revised 2011 – Financial Instruments: Recognition and Measurement, - SFAS 56 Revised 2011 – Earnings per Share, - SFAS 60 Revised 2010 – Financial Instruments: Disclosures, - SFAS 61 Revised 2010 – Accounting for Government Grants and Disclosure of Government Assistance, - SFAS 62 Revised 2010 – Insurance Contract, - SFAS 63 – Financial Reporting in Hyperinflationary Economies, - SFAS 64 Revised 2010 – Exploration and Evaluation of Mineral Resources, - Interpretation of SFAS 13 – Hedge of Net Investment in a Foreign Operation, - Interpretation of SFAS 15 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction, - Interpretation ISAK 16 – Services Concession Agreements, - Interpretation of SFAS 18 – Government Assistance – No Specific Relation with the Operating Activities, - Interpretation ISAK 19 – Applying the Restatement Approach under SFAS 63, - Interpretation of SFAS 20 – Income Taxes – Changes in the Tax Status of an Entity or its Shareholders, - Interpretation of SFAS 22 – Services Concession Arrangements: Disclosure, - Interpretation of SFAS 23 – Operating Leases – Incentives, - Interpretation of SFAS 24 – Evaluating the Substance of Transactions Involving the Legal Form of a Lease, - Interpretation of SFAS 25 – Rights Arising from Land, - Interpretation of SFAS 26 – Reassessment of Embedded Derivatives. DSAK – IAI has also revoked the following accounting standard as at 1 January 2012: - SFAS 11 – Translation of Financial Statement in Foreign Currencies - SFAS 27 – Accounting for Cooperatives - SFAS 29 – Accounting for Oil and Gas - SFAS 39 – Accounting for Joint Operation - SFAS 44 – Accounting for Real Estate Development Activities - SFAS 52 – Reporting Currencies - ISAK 4 – Allowable Alternative treatment of Foreign Exchange Differences - ISAK 5 – Interpretation of Paragraph 14 PSAK 50 1998 on Reporting of Changes in Fair Value of Investment in Securities Available for Sale PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 5193 61. NEW ACCOUNTING PRONOUNCEMENTS continued Bank Mandiri and Subsidiaries are currently in the process of assessing the adoption of all of the above mentioned accounting standards. The Bank is of the view that the implementation of the following standards will not have a significant impact to the consolidated financial statements of the Group, except for the following: SFAS 60 Revised 2010: “Financial Instruments: Disclosures” SFAS 60 Revised 2010 requires more extensive disclosure of the entity’s financial risk management compared to SFAS 50 Revised 2006, “Financial Instruments: Presentation and Disclosures”. The requirements consist of the followings: a. The significance of financial instruments for an entity’s financial position and performance. These disclosures incorporate many of the requirements previously in SFAS 50 Revised 2006. b. Qualitative and quantitative information about exposure to risks arising from financial instruments, including specified minimum disclosures about credit risk, liquidity risk and market risk. The qualitative disclosures describe management’s objectives, policies and processes for managing those risks. The quantitative disclosures provide information about the extent to which the entity is exposed to risk, based on information provided internally to the entity’s key management personnel.

62. SUPPLEMENTARY INFORMATION

The information presented in Appendix 61 - 612 is a supplementary financial information of PT Bank Mandiri Persero Tbk., the parent company only, which presents the Bank’s investments in subsidiaries under the cost method. Please refer to Note 2b.b.vi and Appendix 611 - 612 concerning the changes in accounting policies effective on 1 January 2011 and the effects of those particular changes. On the basis that the differences between the stand-alone financial statements and consolidated financial statements are not material, notes to the financial statements of the parent company have not been included in this supplementary financial information. SUPPLEMENTARY INFORMATION Appendix 61 PT BANK MANDIRI PERSERO Tbk. STATEMENTS OF FINANCIAL POSITION BALANCE SHEETS - PARENT COMPANY ONLY AS AT 31 DECEMBER 2011 AND 2010 AND 1 JANUARY 2010 Expressed in millions of Rupiah, unless otherwise stated 31 December 31 December 1 January 2011 2010 2010 ASSETS Cash 10,259,053 8,799,241 8,397,724 Current Accounts with Bank Indonesia 34,035,401 23,392,421 15,070,892 Current Accounts with Other Banks Related parties 70,703 67,115 8,346 Third parties 9,053,774 7,872,103 6,786,280 9,124,477 7,939,218 6,794,626 Less: Allowance for impairment losses 4,690 4,811 11,080 Current Accounts with Other Banks - net 9,119,787 7,934,407 6,783,546 Placements with Bank Indonesia and Other Banks Related parties 1,051,446 1,221,879 1,176,584 Third parties 44,744,033 24,773,205 39,495,241 45,795,479 25,995,084 40,671,825 Less: Allowance for impairment losses 144,913 135,985 236,732 Placements with Bank Indonesia and Other Banks - net 45,650,566 25,859,099 40,435,093 Marketable Securities Related parties 3,248,776 72,500 1,595,205 Third parties 6,836,996 24,344,486 12,991,617 10,085,772 24,416,986 14,586,822 Lessadd: Unamortised discounts, unrealised gainslosses from increase decrease in value of marketable securities and allowance for impairment losses 154,759 60,698 4,376 9,931,013 24,356,288 14,591,198 Government Bonds 76,617,314 76,647,514 87,580,937 Other Receivables - Trade Transactions Related parties 2,752,711 564,800 649,534 Third parties 2,845,744 3,142,245 3,322,841 5,598,455 3,707,045 3,972,375 Less: Allowance for impairment losses 1,079,302 1,146,327 904,344 Other Receivables - Trade Transactions - net 4,519,153 2,560,718 3,068,031 Securities Purchased under Resale Agreements Related parties 758,703 757,147 1,545,443 Third parties 11,412,207 8,220,556 3,269,299 Securities Purchased under Resale Agreements - net 12,170,910 8,977,703 4,814,742 Derivative Receivables Related parties 4,391 225 - Third parties 105,683 36,271 171,063 Derivative Receivables - net 110,074 36,496 171,063 Loans Related parties 36,728,168 33,071,841 26,592,976 Third parties 237,233,933 185,960,642 153,094,869 Total loans 273,962,101 219,032,483 179,687,845 Less: Allowance for impairment losses 11,111,571 10,379,434 11,532,332 Loans – net 262,850,530 208,653,049 168,155,513 Presented after adjustment in respect of initial implementation of SFAS 50 Revised 2006 and SFAS 55 Revised 2006 refer to Note 50 . Restated in accordance with SFAS 4 Revised 2009 and reclassified in accordance with SFAS 1 Revised 2009 refer to Note 2b.b.i and 2b.b.vi. SUPPLEMENTARY INFORMATION Appendix 62 PT BANK MANDIRI PERSERO Tbk. STATEMENTS OF FINANCIAL POSITION BALANCE SHEETS - PARENT COMPANY ONLY AS AT 31 DECEMBER 2011 AND 2010 AND 1 JANUARY 2010 Expressed in millions of Rupiah, unless otherwise stated 31 December 31 December 1 January 2011 2010 2010 ASSETS continued Acceptance Receivables Related parties 861,324 1,444,574 1,535,254 Third parties 5,689,779 2,505,932 2,821,519 6,551,103 3,950,506 4,356,773 Less: Allowance for impairment losses 40,667 171,097 52,589 Acceptance Receivables - net 6,510,436 3,779,409 4,304,184 Investments in Shares - net of allowance for impairment losses of Rp829, Rp5,179 and Rp2,106 as at 31 December 2011 and 2010 and 1 January 2010 2,886,797 2,323,567 2,374,896 Fixed Assets - net of accumulated depreciation and amortisation of Rp4,887,562, Rp4,835,351 and Rp4,485,569 as at 31 December 2011 and 2010 and 1 January 2010 6,005,026 5,108,094 4,728,390 Other Assets - net of allowance for possible losses of Rp 277,942, Rp717,353 and Rp909,790 as at 31 December 2011 and 2010 and 1 January 2010 4,791,977 3,310,426 2,393,042 Deferred Tax Assets - net of allowance of Rp Nil, Rp1,065,606 and RpNil as at 31 December 2011 and 2010 and 1 January 2010 3,648,627 4,262,422 5,986,32 4 TOTAL ASSETS 489,106,664 406,000,854 368,855,575 Presented after adjustment in respect of initial implementation of SFAS 50 Revised 2006 and SFAS 55 Revised 2006 refer to Note 50. Restated in accordance with SFAS 4 Revised 2009 and reclassified in accordance with SFAS 1 Revised 2009 refer to Note 2b.b.i and 2b.b.vi. SUPPLEMENTARY INFORMATION