Bank Mandiri (Persero) Tbk.

Brief of Company Background

Bank Mandiri was formed on 2 October 1998, as part of the Government of Indonesias bank restructuring program. In July 1999, four state-owned banksBank Bumi Daya, Bank Dagang Negara, Bank Exim and Bapindowere amalgamated into Bank Mandiri. Each of our four legacy banks played an integral role in the development of the Indonesian economy. Today, Bank Mandiri continues this tradition of more than 140 years of delivering expertise in banking and financial services throughout Indonesia.Immediately following the merger, Bank Mandiri embarked on a comprehensive process of consolidation. Most visibly, we closed 194 overlapping branches and reduced our combined workforce from 26,600 to 17,620. Our single brand was rolled out throughout our network and across all of our advertising and promotional activities. One of Bank Mandiris most significant achievements has been the complete replacement of our technology platform. We inherited a total of nine different core banking systems from our four legacy banks. After an initial investment to immediately consolidate our systems around the strongest inherited platform, we undertook a three-year, US$200 million, program to replace our core banking platform with one specifically geared toward consumer banking. Today, Bank Mandiri’s IT infrastructure provides straight-through processing and a unified interface for customers. Our corporate customer base still represents the core of the Indonesia economy. By sector, it is well diversified and particularly active in food and beverage manufacturing, agriculture, construction, chemicals and textiles. Credit approvals and monitoring are subject to a highly structured ‘four eyes’

Shareholder List

Management