CURRENT ACCOUNTS WITH OTHER BANKS Continued PLACEMENTS WITH OTHER BANKS

PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 28 -

6. PLACEMENTS WITH OTHER BANKS Continued

b. By Collectibility: 2002 2001 Current 14,897,969 35,622,648 Loss 168 168 Total 14,898,137 35,622,816 Less: Allowance for possible losses 51,317 134,463 14,846,820 35,488,353 c. Bank Mandiri has no placements with related party banks. d. Annual Average Interest Rates for the Year: 2002 2001 Rupiah 11.77 14.31 Foreign currency 2.08 4.29 e. The placements with other banks are for the periods ranging from 1 to 365 days and 1 to 180 days in 2002 and 2001, respectively. f. A placement amounting to Rp141,768 and Rp164,736 as of December 31, 2002 and 2001, respectively is a pledge cash collateral for a bank guarantee in favor of a borrower of Bank Mandiri Note 48. g. Movements of Allowance for Possible Losses on Placements with Other Banks: 2002 2001 Balance at beginning of year 134,463 80,597 Reversalprovision during the year 50,691 66,838 Others 32,455 12,972 Balance at end of year 51,317 134,463 Includes foreign currency translation. The minimum allowances for possible losses on placements with other banks, under the guidelines prescribed by Bank Indonesia, as of December 31, 2002 and 2001 are Rp51,317, and Rp134,463, respectively. Management believes that the allowance for possible losses on placements with other banks is adequate. PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 29 -

7. SECURITIES

a. By Purpose: 2002 2001 Held-to-maturity 1,829,137 1,664,973 Trading 420,392 518,609 Available-for-sale 998,814 492,504 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120 b. By Type and Currency: 2002 2001 Rupiah: Mandatory convertible bonds 1,018,809 1,018,809 Bonds 562,238 360,057 Wadiah Certificates of Bank Indonesia 269,000 196,250 Investments in mutual fund units 54,074 43,687 Syariah Mudharabah bonds 30,000 - Medium-term notes 19,000 12,876 Certificates of Bank Indonesia - 370,132 Others 2,181 19,994 1,955,302 2,021,805 Foreign currency: Floating rate notes 543,832 293,645 Money market securities 347,225 159,367 Bonds 252,093 161,067 Credit-linked notes receivable 39,498 10,252 Others 110,393 29,950 1,293,041 654,281 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120 c. By Collectibility: 2002 2001 Current 2,184,080 1,625,430 Loss 1,064,263 1,050,656 3,248,343 2,676,086 Less: Unamortized interest 30,418 12,097 Unrealized gainslosses from increase decrease in value of securities 9,108 54,186 Allowance for possible losses 1,064,624 1,062,683 2,162,409 1,547,120