COMMITMENTS AND CONTINGENCIES Bank Mandiri Tbk (english)

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 114

47. RELATED PARTY TRANSACTIONS continued

a. Banking Activities in the Ordinary Course of Business continued · Related by management or key personnel of Bank Mandiri continued The percentages of securities and loans compared to the total consolidated assets are as follows: 2008 2007 Securities - 0.01 Loans 0.18 0.25 Total 0.18

0.26 2008

2007 Liabilities Demand deposits Note 16a 115,857 130,522 Savings deposits Note 17b 43,339 42,844 Time deposits Note 18f 313,909 181,309 Deposit from other banks - demand and saving deposits Note 19c 1,075 - Fund Borrowings Note 25 240,000 280,000 Total liabilities involving related parties 714,180 634,675 Total consolidated liabilities 327,896,740 289,835,512 Percentage of liabilities involving related parties to total consolidated liabilities 0.22 0.22 Percentages of demand deposits, saving deposits, time deposits, deposits from other banks - demand and saving deposits and fund borrowings involving related parties compared to the total consolidated liabilities are as follows: 2008 2007 Demand Deposit 0.04 0.05 Savings Deposits 0.01 0.01 Time Deposits 0.10 0.06 Deposit form other banks - Demand and saving deposits - - Fund Borrowings 0.07 0.10 Total 0.22 0.22 Salary, allowances and bonuses of the Boards of Directors and Commissioners and Executive Officers Note 41 for the years ended December 31, 2008 and 2007 amounted to Rp148,101 and Rp84,240, respectively. Shares held by the Board of Directors arising from MSOP program for the years ended December 31, 2008 and 2007 amounted to 46,129,749 shares and 20,500,281 shares, respectively. b. Significant transactions with the Government of the Republic of Indonesia · In May 1999, the Government implemented a recapitalization program for Bank Mandiri by issuing Government Recapitalization Bonds Note 1c. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated 115

47. RELATED PARTY TRANSACTIONS continued

b. Significant transactions with the Government of the Republic of Indonesia continued · The Committee on Financial Sector Policy KKSK and the Minister of Finance approved and guaranteed the issuance of standby letters of credit and the conversion of loans of PT Garuda Indonesia to Mandatory Convertible Bonds MCB. · The Bank returned additional paid-in capital of Rp1,412,000 representing an excess portion of the Government recapitalization for Bank Mandiri Note 31b. Based on the Decree of the Minister of Finance of the Republic of Indonesia No. 227KMK.022003 dated May 23, 2003 and the Decree of the Minister of State - Owned Enterprises, as the Bank’s shareholder, No. KEP-154M-MBU2002 dated October 29, 2002, the Government converted the Recapitalization Fund amounting to Rp5,000,000 with 5,000,000 shares with nominal value of Rp1,000,000 full amount per share, and the remaining Recapitalization Fund amounting to Rp168,801,315 is recorded as Agio. The regulation of the Government of the Republic of Indonesia’s No. 262003 dated May 29, 2003 approved the increase in issued and fully paid-up capital of the Bank amounting to Rp1,000,000 from the capitalization of partial portion of appropriated reserve.

48. MATURITY PROFILE

This profile as of December 31, 2008 and 2007 is based on the remaining maturity period since those dates. Historically, a significant portion of deposits are rolled-over on maturity. Should the need for liquidity arise, Government Bonds trading and available for sale could be liquidated through sale or used as collateral in the inter-bank market. The Bank’s policy with regards to the maturity gap between the monetary assets and liabilities is to determine a gap limit which is adjusted to the Bank’s and Subsidiaries ability to obtain immediate liquidity. The maturity profile of the Bank’s assets and liabilities is as follows: 2008 No Maturity Description Total Contract 1 mth 1 mth - 3 mth 3 mth 6 mth 6 mth 12 mth 12 mth Assets Cash 8,388,974 - 8,388,974 - - - - Current accounts with Bank Indonesia 13,354,289 - 13,354,289 - - - - Current accounts with other banks - net 7,406,529 - 7,406,529 - - - - Placements with Bank Indonesia and other banks - net 29,404,818 1,096 29,274,622 80,102 - 48,998 - Securities - net 24,624,847 392,653 18,937,775 1,765,430 1,573,028 180,738 1,775,223 Government Bonds 88,259,039 - - - 69 10,215 88,248,755 Other receivables-trade transactions – net 3,513,133 - 1,132,603 1,588,089 783,996 - 8,445 Securities purchased with agreements to resell - net 619,092 - 162,116 246,749 - 210,227 - Derivative receivables - net 354,024 - 136,957 22,065 70,635 68,981 55,386 Loans - net 162,637,788 - 11,013,429 16,262,909 16,279,113 25,218,939 93,863,398 Acceptances receivables - net 3,596,359 - 3,564,631 17,113 10,015 4,600 - Investments in shares of- stock - net 158,173 158,173 - - - - - Premises and equipment - net 4,603,560 4,603,560 - - - - - Deferred tax assets - net 6,123,919 6,123,919 - - - - - Accrued income 2,052,859 - - 2,052,859 - - - Others - net 3,341,275 2,234,085 719,930 - - 387,260 - Total Assets 358,438,678 13,513,486 94,091,855 22,035,316 18,716,856 26,129,958 183,951,207