CASH DIVIDENDS AND GENERAL RESERVE

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 83

30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued

i. The Company continued a. Funded continued Changes in pension benefit plan assets Fair value of pension plan assets at beginning of year 17,834 18,929 Interest income 751 1,576 Return on plan assets excluding amount included in net interest expense 1,311 1,837 Pension plan participants’ contributions 23 45 Expected pension benefits paid 693 808 Administrative expenses paid 23 71 Fair value of pension plan assets at end of period 19,203 17,834 Funded status 924 1,329 Prepaid pension benefit cost 924 1,329 As of June 30, 2016 and December 31, 2015, plan assets consisted of : 2016 2015 Quoted in Quoted in active market Unquoted active market Unquoted Cash and cash equivalent 1,538 - 1,335 - Equity instruments Finance 384 - 1,153 - Consumer goods 209 - 953 - Infrastructure, utilities and transportation 639 - 637 - Construction, property and real estate 730 - 573 - Basic industry and chemical 66 - 163 - Trading, service and investment 600 - 183 - Mining 869 - 45 - Agriculture 56 - 29 - Miscellaneous industries 553 - 240 - Equity-based mutual fund 1,244 - 1,120 - Fixed income instruments Corporate bonds - 3,534 - 3,587 Government bonds 8,224 - 7,257 - Non-public equity Direct placement - 163 - 163 Property - 156 - 156 Others - 238 - 240 Total 15,112 4,091 13,688 4,146 Pension plan assets also include Series B shares issued by the Company with fair values totalling Rp439 billion and Rp445 billion, representing 2.29 and 2.49 of total plan assets as of June 30, 2016 and December 31, 2015, respectively, and bonds issued by the Company with fair value totalling Rp315 billion and Rp464 billion representing 1.64 and 2.60 of total assets as of June 30, 2016 and December 31, 2015, respectively. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 84

30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued