NON-PERFORMING EARNINGS ASSETS RATIO AND SMALL SCALE LOANS RATIO SEGMENT INFORMATION

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 146

55. NON-PERFORMING EARNINGS ASSETS RATIO AND SMALL SCALE LOANS RATIO

Non-performing earning assets to total earning assets were 4.08, 2.70 and 3.07 as of June 30, 2004 and 2003, and April 30, 2003, respectively Bank Mandiri only 3.79, 2.69 dan 3.09. The Non-Performing Loans NPL ratio Bank Mandiri only before being deducted by the allowance for possible losses gross basis as of June 30, 2004 and 2003, and April 30, 2003 is 8.56, 7.43 and 8.95, respectively Note 13A.e. The total allowance for possible losses on earning assets provided by Bank Mandiri compared to the minimum allowance for possible losses on earning assets under the guidelines prescribed by Bank Indonesia, as of June 30, 2004 and 2003, and April 30, 2003 Bank Mandiri only were 132.59, 158.84 and 149, respectively. The small-scale loans to total loans ratio Bank Mandiri only was 4.23, 4.51 and 4.07 as of June 30, 2004 and 2003, and April 30, 2003, respectively.

56. SEGMENT INFORMATION

The Bank considers the nature of business as the primary segment, and geographical areas as the secondary segment. The business activities of the Bank and its Subsidiaries and its geographical locations are as follows: Name of Company Nature of Business Location PT Bank Mandiri Persero Tbk. Parent Commercial Banking Indonesia, Singapore, Hong Kong, Grand Cayman and Timor Leste PT Bank Syariah Mandiri Subsidiary Syariah Banking Indonesia Bank Mandiri Europe Limited Subsidiary Commercial Banking United Kingdom PT Mandiri Sekuritas Subsidiary Securities and Indonesia Investment Banking PT AXA Mandiri Financial Services formerly PT Asuransi Jiwa Mandiri Subsidiary Insurance Indonesia Others PT Bumi Daya Plaza Subsidiary and its subsidiaries Property management Indonesia PT Usaha Gedung Bank Dagang Negara Subisidiary and its subsidiaries Property management Indonesia PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 147

56. SEGMENT INFORMATION continued