Settlor Parties who owned the assets funds

PT Bank Mandiri Persero Tbk. MANAgEMENT DISCUSSION ANALySIS OF MANAgEMENT’S PERFORMANCE

b. As a State Owned Bank

1. Banks with the similar PSP is mandatory to develop and submit compliance plan to the Bank Indonesia at least 3 three months after the applicable of the Regulation of Bank Indonesia, which contains chosen method, the action plan, and implementation timelines. Compliance of the provisions can be prepared and submitted by each Bank or jointly by banks with the same PsP and shall be signed by the Board of directors and Board of Commissioners of each Bank and acknowledged by the PsP. 2. Banks with the same PsP shall report the progress in implementing the regulation compliance to Bank indonesia every quarter since the approval of Bank indonesia on the compliance plan.

5. Bank Indonesia Regulation No. 1425PBI2012 on Foreign

Exchange Acceptance of export and Withdrawal of Foreign Debt in Foreign Exchange OBLIGATIONS OF FOREIGN EXCHANGE ACCEPTANCE OF EXPORT DHE THROUGH FOREIGN EXCHANGE BANK a. dHe revenue obligations through foreign exchange banks is not applicable for state-owned dHe that received through Bank indonesia or dHe received in cash in the country as long it is explained in writing and with suicient supporting documentation. b. DHE acceptance should be made no later than the end of the third month after the month of enrollment of Export Declaration PEB. c. DHE receipts derived from the method of payment usance LC, consignment, payment terms, collection, with maturities exceeding or equal to 3 months after the month of PEB enrollment, It must be performed no later than 14 days after the payment due date. In the event that the deadline falls on a holiday, then DHE receipt should be done on the next working day. d. Submission of the information contained on the PEB to the foreign exchange banks as well as a written explanation with supporting documents to apply for admission. DHE is applicable for PEB with a value greater than USD10,000.00 or its equivalent. Submission of the information on the PEB regarding DHE through foreign exchange banks made no later than the 5th of the following month after the DHE is received. e. In the event that exporters receive DHE cash to PEB with a value greater than USD10,000.00 or its equivalent then the exporter must submit a written explanation and supporting documents no later than the 5th of the month following the month of PEB enrollment. f. For DHE receipt for payment in issued LC, consignment, term payment, collection with maturities exceeding or equal to 3 months after the month of enrollment PEB, exporters must submit a written explanation with supporting documents to the foreign exchange bank to be forwarded to Bank Indonesia at the latest on the 5th of the month following the month of PEB enrollment. In case the deadline is in holiday, the submision can be carried out on the next working day. g. In the event that DHE is smaller in terms of PEB value with a diference of less than or equivalent to Rp50,000,000.00 than the DHE received is according to the value of PEB and exporters do not have to submit a written explanation and supporting documents. h. For the less value diference in DHE and PEB greater than equivalent Rp50,000,000.00, due to: • Foreign exchange, discounts rebates, administrative fees, andor other costs associated international trade, resulted in less diference between DHE and PEB value at most 10 ten percent of the value of PEB; andor • Tolling, repair services, operational leasing or inancial leasing, valuation diferences in the price of goods at the time of export agreements with the price at the time of receipt, the diference in the composition of goods, diferences