EMPLOYEE BENEFITS continued Labor Law No. 132003

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 181

53. COMMITMENTS AND CONTINGENCIES

The following accounts represent accounts which are recorded as off-balance sheet: December 31, December 31, 2015 2014 COMMITMENTS Commitment Payables: Unused loan facilities granted Related parties 20,811,629 26,730,367 Third parties 84,527,024 66,675,601 105,338,653 93,405,968 Outstanding irrevocable letters of credit Note 31: Related parties 5,107,643 8,325,989 Third parties 5,816,945 6,842,125 10,924,588 15,168,114 Commitment Payables - Net 116,263,241 108,574,082 CONTINGENCIES Contingent Receivables: Guarantees received from other banks 20,021,563 18,764,479 Interest receivable on non-performing assets 9,466,919 8,567,219 Others 32,729 32,729 29,521,211 27,364,427 Contingent Payables: Guarantees issued in the form of: Bank guarantees Note 31: Related parties 23,280,899 17,401,095 Third parties 51,230,192 43,811,806 74,511,091 61,212,901 Standby letters of credit Note 31 Related parties 6,560,416 6,510,384 Third parties 6,175,309 5,379,066 12,735,725 11,889,450 Others 432,992 377,195 Total 87,679,808 73,479,546 Contingent Payables - Net 58,158,597 46,115,119 174,421,838 154,689,201 Include committed and uncommitted unused loan facilities. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 182

54. FOREIGN CURRENCY TRANSACTIONS

The fair value of forward and cross currency swap transactions are presented as derivative receivablespayables in the consolidated statement of financial position Note 11. Details of outstanding buy and sell foreign currency spot transactions Bank Mandiri only as of December 31, 2015 and 2014 are as follows: December 31, 2015 Spot – Buy Spot – Sell Original currency Rupiah Original currency Rupiah Original Currency full amount equivalent full amount equivalent United States Dollar 100,699,484 1,388,142 168,345,000 2,320,636 Others - 127,487 - 68,210 1,515,629 2,388,846 December 31, 2014 Spot – Buy Spot – Sell Original currency Rupiah Original currency Rupiah Original Currency full amount equivalent full amount equivalent United States Dollar 77,621,682 961,345 91,040,000 1,127,530 Others - 199,468 - 162,032 1,160,813 1,289,562 Consist of various foreign currencies.

55. RELATED PARTY TRANSACTIONS

In the normal course of business, Bank Mandiri entered into certain significant transactions with the following related parties: • Related party relationship as the controlling shareholder: The Government of the Republic of Indonesia through Ministry of Finance. • Related parties relationship by ownership andor management: Related Parties Nature of Relationship PT Kustodian Sentral Efek Indonesia Associate Company PT Sarana Bersama Pengembangan Indonesia Associate Company Dana Pensiun Bank Mandiri Bank Mandiri as a founder Dana Pensiun Bank Mandiri 1 Bank Mandiri as a founder Dana Pensiun Bank Mandiri 2 Bank Mandiri as a founder Dana Pensiun Bank Mandiri 3 Bank Mandiri as a founder Dana Pensiun Bank Mandiri 4 Bank Mandiri as a founder PT Bumi Daya Plaza Controlled by Dana Pensiun Bank Mandiri since December 19, 2013 PT Pengelola Investama Mandiri Controlled by Dana Pensiun Bank Mandiri since December 19, 2013 PT Usaha Gedung Mandiri Controlled by Dana Pensiun Bank Mandiri since December 19, 2013 PT Estika Daya Mandiri Controlled by Dana Pensiun Bank Mandiri 1 PT Asuransi Staco Mandiri dahulu PT Asuransi Staco Jasapratama Controlled by Dana Pensiun Bank Mandiri 2 PT Mulia Sasmita Bhakti Controlled by Dana Pensiun Bank Mandiri 3 PT Krida Upaya Tunggal Controlled by Dana Pensiun Bank Mandiri 4 PT Wahana Optima Permai Controlled by Dana Pensiun Bank Mandiri 4 Koperasi Kesehatan Pegawai dan Pensiunan Bank Mandiri Mandiri Healthcare Significantly influenced by Bank Mandiri