OTHER LIABILITIES Tax assessment letters continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 5110 36. FUND BORROWINGS continued a PT Permodalan Nasional Madani Persero This account represents fund borrowings granted by PT Permodalan Nasional Madani Persero to Bank Mandiri and Bank Sinar Harapan Bali BSHB. The outstanding loan balance as at 31 December 2014 and 2013 for Bank Mandiri are RpNil and RpNil, respectively, and for BSHB are RpNil and Rp2,369, respectively. These facilities bear interest rate at 7.00 per annum. The payment schedule of fund borrowing terms depend on the terms of the individual loan agreement, the last in June 2013 for the Bank and in June 2014 for BSHB. Bank Mandiri lent this fund to the members of Primary Cooperation Kredit Koperasi Primer kepada Anggotanya KKPA. The Bank and BSHB has repaid the loan in June 2013 and 2014. The outstanding balance as at 31 December 2013 was from BSHB. b Ministry of Public Housing Kemenpera This account represents a Liquidity Facility of House Financing FLPP with sharing financing of 70.00 from Ministry of Public Housing’s fund and 30.00 from Bank Mandiri’s fund, in accordance with the Memorandum of Understanding between the Ministry of Public Housing No. 07SKBM2012 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0032012 dated 15 February 2012 regarding the Amendment of Memorandum of Understanding between the Ministry of Public Housing No. 13SKBDP2011 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0152011 regarding the Funding Distribution of Liquidity Facility of House Financing FLPP in the framework of the housing procurement through the Welfare House Ownership Loan. The agreement was followed by Operational Cooperation Agreement between Public Service Center of House Financing Agency of the Ministry of Public Housing of the Republic of Indonesia No. 02SK.9HK.02.0422012 with PT Bank Mandiri Persero Tbk. No. DIR.PKO0102012 dated 15 February 2012 regarding the Funding Distribution of Liquidity Facility of House Financing FLPP in the framework of the housing procurement through the Welfare House Ownership Loan. The outstanding loan balance as at 31 December 2014 and 2013 was amounted to Rp137,570 and Rp109,021. The facility bears interest at 0.50 per annum. The loan has a payment schedule of maximum 240 months 20 years with the first installment start at the following month for fund disbursed from date of 1 until 10, and start the next two months for the fund disbursed from date of 11 until the end of the month. The repayment principal and interest to Kemenpera will be made not later than the date of 10 for each month. c Direct Off-shore Loans The details of direct off-shore loans are as follows: 2014 2013 Rupiah: Bank Of America, Singapore 300,000 - Total Rupiah 300,000 - Foreign currencies: Standard Chartered Bank, Singapore 3,096,250 3,042,500 Deutsche Bank AG, Singapore 2,477,000 3,651,000 Nomura International Plc, London 2,442,369 - Bank of America, Hong Kong 1,424,275 - Agence Française de Développement 690,577 762,165 Asian Development Bank - Tranche A 370,105 544,570 - Tranche B - 121,380 Total Foreign currencies 10,500,576 8,121,615 10,800,576 8,121,615 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 5111 36. FUND BORROWINGS continued