PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued SECURITIES

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated 37

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b. By Type, Currency and Collectibility continued: 2006 Unamortized Unrealized Fair ValueBook Value Cost Premiums Gains Nominal Discounts Losses Current Substandard Loss Total Rupiah: Trading Certificates of Bank Indonesia 12,622,441 - 28,703 12,651,144 - - 12,651,144 Bonds 198,937 - 6,913 191,718 - 306 192,024 Shares 61,068 - 2,735 63,803 - - 63,803 Medium Term Notes 54,900 - - 54,900 - - 54,900 Investments in mutual fund units 21,247 - 3,144 24,391 - - 24,391 12,958,593 - 27,669 12,985,956 - 306 12,986,262 Available for sale Wadiah certificates of Bank Indonesia 780,000 - - 780,000 - - 780,000 Bonds 614,507 - 26,109 578,398 - 10,000 588,398 Syariah Mudharabah bonds 499,500 - 11,230 488,270 - - 488,270 1,894,007 - 37,339 1,846,668 - 10,000 1,856,668 Held to maturity Mandatory convertible bonds 1,018,809 - - - - 1,018,809 1,018,809 Certificates of Bank Indonesia 900,000 764 - 899,236 - - 899,236 Export bills 96,454 - - 96,454 - - 96,454 Investments in mutual fund units 5,000 - - 5,000 - - 5,000 Bonds 2,000 - - 2,000 - - 2,000 2,022,263 764 - 1,002,690 - 1,018,809 2,021,499 Total Rupiah 16,874,863 764 9,670 15,835,314 - 1,029,115 16,864,429 Foreign currency: Trading Bonds 76,390 - 762 75,628 - - 75,628 Available for sale Floating rate notes 241,455 - - 241,455 - - 241,455 Export bills 137,519 - - 137,519 - - 137,519 Promissory notes 37,281 - 3,128 40,409 - - 40,409 Bonds 9,810 - 411 10,221 - - 10,221 426,065 - 3,539 429,604 - - 429,604 Held to maturity Export bills 1,020,247 - - 985,424 - 34,823 1,020,247 Bonds 171,069 2,513 - 173,582 - - 173,582 Floating rate notes 99,033 7 - 99,026 - - 99,026 Treasury bills 30,513 79 - 30,434 - - 30,434 1,320,862 2,427 - 1,288,466 - 34,823 1,323,289 Total foreign currency 1,823,317 2,427 2,777 1,793,698 - 34,823 1,828,521 Total 18,698,180 1,663 6,893 17,629,012 - 1,063,938 18,692,950 Less: Allowance for possible losses 41,900 - 1,103,938 1,145,838 Net 17,587,112 - 40,000 17,547,112 Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated 38

6. SECURITIES continued