Liquidity Risk Management continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5161 56. RISK MANAGEMENT continued Market Risk and Liquidity Risk continued

a. Liquidity Risk Management continued

The maturity profile of the Bank’s assets and liabilities is as follows continued: 31 December 2008 No maturity Less than More than Description Total Contract 1 month 1 - 3 months 3 - 6 months 6 - 12 months 12 months 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 - Marketable 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 under resale agreements - 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 Acceptance receivables - net 3,596,359 - 3,564,631 17,113 10,015 4,600 - Investments in shares - net 158,173 158,173 - - - - - Fixed assets - net 4,603,560 4,603,560 - - - - - Deferred tax assets - net 6,123,919 6,123,919 - - - - - Other assets - net 5,394,134 2,234,085 719,930 2,052,859 - 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 Liabilities and Syirkah temporer fund Obligation due immediately 619,798 - 619,798 - - - - Deposit from customers Conventional banking and sharia - non Syirkah temporer fund Demand deposits 69,086,688 - 69,086,688 - - - - Saving deposits 89,708,371 - 89,708,371 - - - - Time deposits 117,268,990 - 93,472,599 16,030,607 3,653,404 4,042,186 70,194 Sharia banking - Syirkah temporer fund Restricted investment saving deposit and unrestricted investment mudharabah saving deposit 5,245,641 - 5,245,641 - - - - Unrestricted investment mudharabah time deposit 7,802,362 - 5,877,175 953,447 439,642 532,098 - Deposits from other banks Conventional banking and sharia - non Syirkah temporer fund Demand and saving deposits 3,096,390 - 3,096,390 - - - - Interbank call money 7,588 - 7,588 - - - - Time deposits 4,347,403 - 2,658,688 22,531 1,644,892 20,992 300 Sharia banking - Syirkah temporer fund Unrestricted investment mudharabah saving deposit 48,353 - 48,353 - - - - Unrestricted investment mudharabah time deposit 218,380 - 193,162 21,890 3,128 200 - Securities sold under repurchase agreements 981,893 - 34,406 62,009 - 569,122 316,356 Derivative payables 160,678 - 48,075 32,086 56,403 24,114 - Acceptance payables 3,842,367 - 3,797,570 23,787 11,568 9,442 - Marketable securities issued 1,016,603 - 778,639 37,400 - - 200,564 Fund borrowings 9,371,508 - 2,021,771 1,604,124 1,098,942 874,364 3,772,307 Estimated losses on commitments and contingencies 316,401 316,401 - - - - - Accrued expenses 746,808 - 746,808 - - - - Taxes payable 3,174,500 - 283,603 - 2,890,897 - - Other liabilities 7,999,368 7,375,071 622,139 182 272 545 1,159 Subordinated loans 2,836,650 - 3,420 17,153 3,983 42,153 2,769,941 Total liabilities and Syirkah temporer fund 327,896,740 7,691,472 278,350,884 18,805,216 9,803,131 6,115,216 7,130,821 Net AssetsLiabilities 30,541,938 5,822,014 184,259,029 3,230,100 8,913,725 20,014,742 176,820,386 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5162 56. RISK MANAGEMENT continued Market Risk and Liquidity Risk continued

b. Interest Rate Risk Management

Interest Rate Risk represents a risk that influences the increasedecrease of financial value of the Bank’s assets and liabilities Banking Book due to changes in interest rate that will affect on Bank’s income and capital. Interest rate risk is mostly due to the difference in time repricing between Rate Sensitive Assets RSA and Rate Sensitive Liabilities RSL on changes in interest rate. The Bank manages its interest rate risk through the use of repricing gap analysis, duration gap analysis and simulation. To describe the amount of the interest rate risk exposure, the Bank uses repricing gap approach, whilst to measure the Net Interest Income NII Sensitivity and Economic Value of Equity EVE Sensitivity due to interest rate change, the Bank performs simulation with interest rate shock increasedecrease scenario by parallel shift amounting to 100 basis points bps. RSA are dominated by government bond and loans, and RSL are dominated by Third Party Fund demand deposits, saving deposits and time deposits. The sensitivity analysis result shows that a gradual parallel shift in the term structure of interest rate by 100 bps Rupiah and Foreign Currency will potentially decreased the next 12 months targeted NII by 1.44 unaudited and decreased the EVE by 1.58 unaudited from Equity target. In addition to sensitivity analysis, the Bank also uses a statistical approach to assess the impact of interest rate volatility on earning Earning at Risk, EaR and equity Capital at Risk, CaR. As at 31 December 2010, the Banks record 0.42 and 1.05 EaR and CaR of its equity. The Bank also regularly conducts sensitivity analysis on extreme scenarios stress test to see the impact of significant changes in interest rate on the Bank’s NII and equity value. The Bank monitors and manages its interest rate risk by establishing limits on interest rate risk indicators, to give an early warning indicator of interest rate risk, which consists of Repricing Gap, NII Sensitivity and Economic Value of Equity Sensitivity, Earning at Risk and Capital at Risk. The risk will be mitigated through assets-liabilities restructuring or hedging strategies. Hedging is done by using derivative instruments, mostly in the form of interest rate swaps and forward rate agreements. Fair value exposures relating to interest rate risk repricing gap 31 December 2010 Less than 1 month Over 1 month to 3 months Over 3 months to 1 year 1 year to 2 years 2 year to 3 years 3 year to 4 years 4 year to 5 years Over 5 years Non interest bearing Total Current accounts with Bank Indonesia - - - - - - - - 24,856,699 24,856,699 Current accounts with other banks 8,202,762 - - - - - - - 367,016 8,569,778 Placements with Bank Indonesia and Other Banks 22,599,428 3,615,533 415,073 - - - - - 2,421,886 29,051,920 Marketable Securities 801,251 279,085 16,689,326 381,453 125,446 181,091 78,452 29,685 8,930,635 27,496,424 Government Bonds 28,789,791 45, 892,672 58,042 65,269 148,595 341,038 1,201,551 541,885 1,053,891 78, 092,734 Other Receivables - Trade Transactions - - - - - - - - 3,721,913 3,721,913 Securities Purchased under Resale Agreements 300,323 7,661,333 1,019,101 - - - - - - 8,980,757 Derivative Receivables - - - - - - - - 37,096 37,096 Loans 27,889,674 172,665,213 2,775,134 1,999,964 1,958,166 1,895,689 1,708,326 9,287,770 23,847,048 244,026,984 Consumer Financing Receivables 78,729 155,482 648,424 731,246 416,596 126,404 16,630 81 - 2,173,592 Acceptance Receivables- - - - - - - - - 3,950,506 3,950,506 Other Assets - accrued income - - - - - - - - 1,687,176 1,687,176 88,661,958 230,269,318 21,605,100 3,177,932 2,648,803 2,544,222 3,004,959 9,859,421 70,873,866 432,645,579