CURRENT ACCOUNTS WITH OTHER BANKS continued PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 33

5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued

c. Average Interest Rate per Annum: 2005 2004 Rupiah 8.37 7.29 Foreign Currency 3.36 2.28 d. As of December 31, 2005 and 2004, there was no placement pledged as cash collateral. e. Movements of allowance for possible losses on placements with other banks: 2005 2004 Balance at beginning of year 91,258 64,849 Provision during the year Note 37 63,043 19,428 Recoveries 1,451 - Others 881 6,981 Balance at end of year 154,871 91,258 Includes effect of foreign currency translation. Management believes that the allowance for possible losses on placements with other banks is adequate.

6. SECURITIES

a. By Purpose and Related and Third Parties: 2005 2004 Related parties: Trading 101,329 78,013 Available for sale 232,026 48,957 Held to maturity 266,845 272,114 600,200 399,084 Third parties: Trading 4,100,101 351,195 Available for sale 4,500,342 2,349,680 Held to maturity 2,638,089 10,496,099 11,238,532 13,196,974 Total 11,838,732 13,596,058 Less: Unamortized discounts 8,982 26,139 Unrealized lossesgains from decreaseincrease in value of securities 116,446 79,311 Allowance for possible losses 1,209,035 1,144,501 1,334,463 1,091,329 10,504,269 12,504,729 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 34

6. SECURITIES continued

b. By Type, Currency and Collectibility: 2005 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Certificates of Bank Indonesia 3,618,984 - - 3,618,984 - - 3,618,984 Bonds 381,187 - 16,387 364,800 - - 364,800 Medium Term Notes 113,573 - 327 113,900 - - 113,900 Investments in mutual fund units 18,800 - 1,915 16,885 - - 16,885 Shares 16,610 - 475 16,135 - - 16,135 4,149,154 - 18,450 4,130,704 - - 4,130,704 Available for sale Certificates of Bank Indonesia 1,485,271 - - 1,485,271 - - 1,485,271 Wadiah certificates of Bank Indonesia 1,373,000 - - 1,373,000 - - 1,373,000 Bonds 931,574 - 99,806 821,768 - 10,000 831,768 Syariah Mudharabah bonds 365,425 - - 365,425 - - 365,425 Medium Term Notes 90,000 - - 90,000 - - 90,000 Investments in mutual fund units 1,000 - - 1,000 - - 1,000 4,246,270 - 99,806 4,136,464 - 10,000 4,146,464 Held to maturity Mandatory convertible bonds 1,018,809 - - - - 1,018,809 1,018,809 Bonds 38,000 - - 38,000 - - 38,000 Export bills 26,399 - - 26,399 - - 26,399 Investments in mutual fund units 10,000 - - 10,000 - - 10,000 1,093,208 - - 74,399 - 1,018,809 1,093,208 Total Rupiah 9,488,632 - 118,256 8,341,567 - 1,028,809 9,370,376 Foreign currency: Trading Bonds 39,615 - 93 39,522 - - 39,522 Investments in mutual fund units 12,661 - 1,141 11,520 - - 11,520 52,276 - 1,234 51,042 - - 51,042 Available for sale Export bills 181,213 - - 181,213 - - 181,213 Floating rate notes 157,280 - 159 157,439 - - 157,439 Bonds 88,685 - 556 88,129 - - 88,129 Promissory Notes 58,920 - 3,441 62,361 - - 62,361 486,098 - 3,044 489,142 - - 489,142 Held to maturity Export bills 1,185,289 - - 919,080 205,272 60,937 1,185,289 Bonds 378,558 2,017 - 380,575 - - 380,575 Treasury Bills 129,069 10,979 - 118,090 - - 118,090 Floating rate notes 68,810 20 - 68,790 - - 68,790 Medium Term Notes 50,000 - - 50,000 - - 50,000 1,811,726 8,982 - 1,536,535 205,272 60,937 1,802,744 Total foreign currency 2,350,100 8,982 1,810 2,076,719 205,272 60,937 2,342,928 Total 11,838,732 8,982 116,446 10,418,286 205,272 1,089,746 11,713,304 Less: Allowance for possible losses 88,498 30,791 1,089,746 1,209,035 10,329,788 174,481 - 10,504,269 Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value.