ESCROW ACCOUNTS FS30Sep08EngFinal1

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008, AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated 50

19. SHORT-TERM BANK LOANS continued

a. Bank Niaga continued On April 29, 2008, Balebat received an additional Specific Transaction Facility of Rp.5,000 million Note 23h. The loan bears an interest rate of 11.5 per annum and will mature on May 29, 2009. As of September 30, 2008, the principal outstanding amounted to Rp.5,000 million. On October 18, 2005, GSD entered into a short-term loan agreement with Bank Niaga for an original facility of Rp.3,000 million for a one-year term. On November 3, 2006, the agreement was amended to change the interest rate from 16.25 per annum to 15.5 per annum and the maturity period to October 18, 2007. On November 23, 2007, the loan agreement was amended to change the total facility to Rp.15,000 million with an interest rate of 11 per annum and the maturity period to October 18, 2008. This credit facility is secured by GSD’s property, plant and equipment located in Jakarta Note 11. As of September 30, 2007 and 2008, the principal outstanding amounted to Rp.8,000 million and Rp.8,000 million, respectively. In October 2005, GSD entered into a short-term facility agreement with Bank Niaga for an original facility of Rp.12,000 million, as amended on June 7, 2006 to Rp.7,000 million, and maturing on October 18, 2006. The loan agreement was amended twice, the latest on November 3, 2006, to change the interest rate from 16.25 per annum to 15.5 per annum for the period October 18, 2006 to October 18, 2007. The principal outstanding as of September 30, 2007 and 2008 was Rp.7,000 million and Rp.7,000 million, respectively. b. Bank Syariah Mega On September 6, 2007, Infomedia entered into a Rp.13,650 million loan agreement with Bank Syariah Mega for financing the collection of call center business. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact center Note 6. The loan is payable within 3 months from the signing date. The principle outstanding as of September 30, 2007 was Rp.13,150 million. On December 12, 2007 the loan was fully repaid. On December 11, 2007, Infomedia entered into a Rp.10,535 million loan agreement with Bank Syariah Mega for working capital purpose. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact center Note 6. The loan is payable within 3 months from the signing date. Based on amendment on June 10, 2008 2 nd amendment agreement, the maturity period of loan agreement was extended to September 11, 2008. On September 29, 2008 the loan was fully repaid. On March 31, 2008, Infomedia entered into Rp.8,812 million loan agreement with Bank Syariah Mega for working capital purpose. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact center Note 6. The loan is payable within 3 months from the signing date. Based on amendment on September 25, 2008 2 nd amendment agreement, the maturity period of loan agreement was extended to December 28, 2008. The principal outstanding as of September 30, 2008 amounted to Rp.8,812 million. On June 5, 2008, Infomedia entered into Rp.9,637 million loan agreement with Bank Syariah Mega for working capital purpose. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact center Note 6. The loan is payable within 3 months from the signing date. Based on amendment on September 25, 2008, the maturity period of loan agreement was extended to December 11, 2008. The principal outstanding as of September 30, 2008 amounted to Rp.9,637 million.